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By Robert Hughes The Institute for Supply Management's manufacturing PMI composite index remained below the neutral 50 level for the third consecutive month in October, rising to 48.3 from 47.8 in September (see top chart). For this index, 50 is neutral, with readings above 50 suggesting e...
By Jill Mislinski Today, the Institute for Supply Management published its monthly Manufacturing Report for October. The latest headline Purchasing Managers Index ((PMI)) was 48.3, an increase of 0.5 percent from 47.8 the previous month. Today's headline number was below the Investing.c...
Flash PMIs from IHS Markit for the US economy were split in October. According to the various sentiment indicators, there's a little bit of a rebound on the manufacturing side as contrary to the ISM's estimates for the same sector . Markit reports a sharp uptick in current manufacturing busin...
It's been obvious for some time that the US manufacturing sector has been stumbling, which has been a factor in the general deceleration in US economic output this year . But October data hints at the possibility that manufacturing's slide has ended. Preliminary survey readings from three F...
Recent data show a slowing economy, but no recession. Russ discusses how to position a portfolio in this environment. Despite the recent weakening in U.S. survey data, a recession is not imminent; a slowdown is. The September ISM surveys, both manufacturing and non-manufacturing, sent a cl...
This week's manufacturing activity releases from the New York Fed and Philly Fed showed a slightly weaker but generally upbeat assessment of economic activity. The numbers from these two regional surveys may not be fully representative of the aggregate national economy, but they're usually a p...
Industrial production fell 0.4 percent in September, following a 0.8 percent gain in August. The September fall is the second drop in three months. Over the past year, industrial production is down 0.1 percent. Total capacity utilization decreased 0.4 percentage points to 77.5 percent as capac...
By James Knightley, Chief International Economist US manufacturing output has now contracted in six of the first nine months of 2019. With the economic slowdown spreading to other parts of the US economy, the Federal Reserve will likely have to respond with several more rate cuts W...
Rare And Rapid Drop In ISM Manufacturing ISM Manufacturing PMI Index came in well below expectations on October 1, 2019, sparking renewed fear of a recession and bear market ( SPY ). Given the ISM Manufacturing Index was strong in August 2018 and plunged rapidly to the October 1, 2019 le...
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...