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By Robert Hughes The Institute for Supply Management's nonmanufacturing NMI composite index rose to a reading of 55.0 from 53.9 in November. For this index, 50 is neutral, with readings above 50 suggesting expansion and readings below 50 suggesting contraction. Historically, readings above...
By Jill Mislinski On Jan. 3, the Institute for Supply Management published its monthly Manufacturing Report for December. The latest headline Purchasing Managers Index ((PMI)) was 47.2, a decrease of 0.9 percent from 48.1 the previous month. The headline number was below the Investing.c...
Yesterday, IHS Markit reported that the manufacturing turnaround its data has been suggesting stalled. After its flash manufacturing PMI had fallen below 50 several times during last summer (only to be revised to slightly above 50 every time the complete survey results were tabulated), beginni...
By Robert Hughes The Institute for Supply Management's manufacturing PMI composite index fell to a reading of 47.2 from 48.1 in November. For this index, 50 is neutral, with readings above 50 suggesting expansion and readings below 50 suggesting contraction in manufacturing. Historically, ...
What's the bright side to the market weakness from news overnight that a US drone strike in Iraq killed Iranian General Qassim Soleimani? It took all the focus off of the December ISM Manufacturing report which came in weaker than expected and was all around bad just about any way you look at ...
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...
The way the global economy shifted from globally synchronized growth to a globally synchronized downturn was specific: dollar, then trade, then manufacturing and industry, which then spread into other areas. If the economy is to avoid moving further down that same track, then something in that...
By Jill Mislinski Fifth District manufacturing activity slowed in December, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite index fell to -5 in December from -1 in November. Investing.com had forecast 9. Because of the highly volatile nature o...
By Jill Mislinski The Philly Fed's Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, and covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives...
The first reports in December are in, and both were negative. Let's start with construction spending. Overall construction spending declined -0.8% in October. The more leading residential construction spending declined -0.9%, the second decline in a row (blue in the graph below): Figure 1...