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I have noted in a few recent posts that much of the economic data being reported is recovering in a "V-shaped" manner. In other words, the economic rebound taking place as states are reopened and businesses get up to speed is occurring at a strong clip. Today's ISM Non-Manufacturing Index rep...
Earlier this week the last of the regional Fed Districts, Dallas, reported their manufacturing indexes for June. The overall picture has been a strong rebound: Regional Fed New Orders Indexes (*indicates report this week) Empire State up +41.8 to -0.6 Philly up +42.4 to ...
Last month, ISM's headline manufacturing number saw a slight rebound rising from the April low of 41.5 to 43.1. That indicated that activity was still worsening in May albeit at a slower pace than April. Fast forward to June's reading released this morning and ISM's manufacturing report showed...
By Robert Hughes New orders for durable goods staged a partial rebound in May, rising 15.4 percent following declines of 18.1 percent in April and 16.7 percent in March. If transportation equipment is excluded, new orders for durable goods increased 4.0 percent in May following an 8.2 perc...
By Robert Hughes Industrial production rose 1.4 percent in May following a record monthly decline of 12.5 percent in April (see top chart). The May gain is the largest rise since October 2017. Over the past year, industrial production is down 15.3 percent. Total capacity utilization increa...
U.S. Manufacturing The coronavirus pandemic continues to damage the U.S. economy in May. With that said there is a glimmer of hope. The PMI came in at a reading of 43.5 in May 2020 . This was slightly better than April's reading of 41.5. After large contraction from March to April this is...
ISM’s monthly manufacturing report for the month of May was released Monday morning. For the first time since January, the headline manufacturing number was higher month over month, rising from 41.5 in April to 43.1 in May. While that 1.6 point increase is an improvement, it’...
By Robert Hughes New orders for durable goods plunged 17.2 percent in April following a 16.6 percent tumble in March. If transportation equipment is excluded, new orders for durable goods decreased 7.4 percent in April following a 1.7 percent fall in March. Durable-goods orders had been ho...
The May 2020 Philadelphia and Empire State regional surveys of manufacturing conditions, conducted by the Philadelphia and New York Federal Reserve Banks, respectively, showed the early stages of recovery among the regions' manufacturers, with improvements in current activity, new orders, and ...
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...
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2024-06-19 16:52:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-19 01:58:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-09 01:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...