ISM Services Eases
Factory orders came in okay, joining a pretty good ISM (manufacturing) the other day while ISM (services) eased in May. Could we be seeing a phase change, where old fashioned…
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June 3, 2016
ISM Manufacturing RoB @ 51.3%
A fairly level ISM RoB for May. I've highlighted a couple notables. New orders are healthy and price creep is in effect, which would dovetail with our would-be Semiconductor related…
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June 1, 2016
ISM PMI Contracts Again @ 48.2%
Actually, respondents are not that dour. I would expect Medical Devices to be relatively strong; they always were at economic weak patches when I was in the business. "Huge roll…
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February 1, 2016
ISM Contracts, Not Quite as Bad as Headline
ISM's November report is out and what do you know, we have another contraction. The general trend is that way under the pains of the strong dollar. No surprises. Still,…
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December 1, 2015
ISM, In-Depth Look, Incl. FloatingPath’s Excellent Graphics
ISM is out and it was 'meh'. I have highlighted what I think is the most relevant with new orders bouncing and employment declining. Full details of the report here…
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November 2, 2015
ISM Manufacturing Growth Contracts
As usual, the key items are highlighted and the full report can be viewed at ISM. It's another counter-cyclical hiccup for the Good Ship Lollipop. Subscribe to NFTRH Premium for…
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September 1, 2015
ISM @ 51.5%
Well, April ISM came in flat to March at 51.5%. The notables are highlighted, including exports, which got a boost in light of the weaker USD. Funny how that works.…
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May 1, 2015
ISM: PMI @ 51.5%
The long, slow deceleration in US manufacturing growth continues apace. I have highlighted some of the notables, including a pop in 'Prices', despite the downward pull in energy costs. There…
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April 1, 2015
ISM PMI @ 52.9
ISM has eased again and looking at the comments from individual respondents, it sure looks like the West Coast port shutdown is having an impact. Some notables are highlighted. Meanwhile,…
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March 2, 2015
ISM Eases Again, @ 53.5% for January
Respondents' comments are more positive than the actual data. The west coast port shutdown seems to be a wild card effect here. I have highlighted the items that are notable.…
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February 2, 2015
December ISM (PMI @ 55%)
I have highlighted the more relevant items with green being positive and red not so much. Not a bad report, but there is slight deceleration in the workings of this…
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January 2, 2015