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A greater impact was seen in the indices for manufacturing and services in April. This was due to the combined effect of the coronavirus and oil price wars that have affected the global and U.S. economies. The PMI came in at a reading of 41.5 in April 2020 . This was a large drop from March's...

While the results for ISM's Non-Manufacturing index for the month of April were better than expected (the index was forecasted to come in at 38), the index fell 10.7 points from March down to 41.8. That is the fifth-lowest level of the index since its inception in 1997 and the weakest reading ...

By Robert Hughes The Institute for Supply Management's Manufacturing Purchasing Managers' Index fell to a 41.5 percent reading in April, down from 49.1 percent in March. The April result is the second month in a row below the neutral 50 threshold (see top chart). Overall, the report notes,...

By Jill Mislinski The Philly Fed's Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a gen...

Last month, the New York Fed's monthly manufacturing index fell to its weakest level since March of 2009. Fast forward one month and the headline reading has collapsed even further and more dramatically for the US region hit hardest by COVID-19. The April reading was forecasted to come in at -...

Manufacturing in the U.S. was contracting for the latter half of 2019 and bounced back for two straight months in early 2020. But that was before the impact of coronavirus, oil price wars, and transportation restrictions hit the U.S. and world economy. Well, we are back to contraction again in...

As we have been highlighting over the past couple of weeks, soft manufacturing data for the month of March from regional Federal Reserve districts was horrendous with several record lows and record month over month declines. The ISM Manufacturing index for March was not nearly as bad. Forecast...

Global manufacturing orders fell at the steepest rate for 11 years in March as the coronavirus disease 2019 (COVID-19) outbreak continued to cause factory closures, disrupted supply chains and hit demand, according to PMI survey data. None of the 30 countries for which IHS Markit survey data a...

Overview There is no reprieve for investors. Equities are falling sharply. Nearly all the Asia-Pacific markets slumped but Australia. Chinese markets fared better than most, but the Nikkei was off 4.5%, and India was down almost as much in late dealings. Europe's Dow Jones Stoxx 600 is off m...

Original post By Stuart Burns Purchasing Managers Index, or PMI, numbers are at best an estimate of sentiment and an indication of business confidence about the coming months. But confidence can evaporate like dew in the sunshine. In today's uncertain world, however, we tend to c...