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By Jill Mislinski The September US Manufacturing Purchasing Managers' Index conducted by Markit came in at 51.1, down 0.8 from the 50.3 final August figure. Markit's Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction...
With China closed for its National Day Golden Week holiday, the stage was set for Japan to steal the market spotlight. If only briefly. The Bank of Japan announced last night that it had had enough of the JGB curve. The 2s10s very nearly inverted last month , and BoJ officials released prelim...
Talk about a disappointing start to the quarter. In the first economic report of the new quarter, ISM Manufacturing came in weaker than expected, falling from 49.1 down to 47.8 compared to expectations for a reading of 50.0. While a miss of fewer than 1.5 points versus consensus expectations i...
By James Knightley, Chief International Economist The ISM manufacturing index has dropped to a 10-year low as trade worries, weak global growth and a strong dollar weigh on the sector. Given the threat of contagion to other parts of the economy further Fed rate cuts are coming. The d...
By Robert Hughes The Institute for Supply Management's manufacturing PMI composite index fell to a reading of 47.8 from 49.1 in August (see top chart). For this index, 50 is neutral, with readings above 50 suggesting expansion and readings below 50 suggesting contraction in manufacturing. ...
Base metal prices fell by 23.43% in 2015, but in 2016 they appreciated by 26.77%. In 2017, the sector of nonferrous industrial metals was the best-performing commodities sector posting a 21.99% gain for the year. In 2018, the industrial commodities shed 15.78% of their value. The base metals...
By Jill Mislinski This morning the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for September. The latest general business activity index came in at 1.5, down 1.2 from 2.7 in August. All figures are seasonally adjusted. Here is an excerpt from the latest report : ...
By Jill Mislinski Fifth District manufacturing activity softened in September, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite index fell from 1 in August to -9 in September. Investing.com had forecast 2. Because of the highly volatile nature of...
Copper is a nonferrous metal that can serve as a barometer for the health of the global economy. Economic expansion tends to drive the price of the red metal higher and contraction lower. Moreover, the price of copper is particularly sensitive to the Chinese economy. Copper is an essential bui...
By Robert Hughes Industrial production increased 0.6 percent in August, following a 0.1 percent drop in July. Over the past year, industrial production is up 0.4 percent (see top chart). The gain helped push capacity utilization up by 0.2 percentage points to 78.1 percent as capacity poste...