US Manufacturing Contracts More in May Both ISM and Markit Report

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  • #20826
    TradersCom
    Keymaster

    Manufacturing in the US contracted more than expected…

    [article]1539[/article]

    #20965
    TradersCom
    Keymaster

    US May industrial production +0.4% v +0.2% expected Prior -0.5% revised to -0.4%

    Industrial Production year-on-year at 2%

    Manufacturing production +0.2% vs +0.1% expected Prior -0.5% (unrevised)

    Capacity utilization 78.1% vs 78.0% exp

    Strong improvement here and puts some legs on PMI and another reason Fed might hold off cutting

    #21017
    TradersCom
    Keymaster

    June Philly Fed Lowest since Feb +0.3 v +10.4 expected Prior +16.6

    New orders +8.3 v +11.0 prior
    Employment +15.4 v +18.2
    Prices paid +12.9 v +23.1

    #21029
    TradersCom
    Keymaster

    [size=5][color=red][b]Markit June PMI:
    prelim services PMI 50.7 v 51.0 expected Prior 50.9
    Manufacturing 50.1 v 50.5 expected Prior 50.5
    Composite 50.6 v 50.9 prior[/b][/color][/size]

    #21339
    TradersCom
    Keymaster

    [b”>Richmond Fed manufacturing index for July -12 vs 5 estimate[/b]
    [b][color=red]
    Richmond Fed manufacturing index at lowest level since January 2013[/color][/b]

    manufacturing shipments index -13 versus +5 in June
    new orders -18 versus -2 last month
    backlog orders -26 versus -3 last month
    capacity utilization -24 versus -4 last month
    Vendor lead time 1 versus 9 last month
    number of employees -3 versus +4 last month
    average workweek -9 versus +1 last month
    wages 20 versus 25 last month
    prices paid 3.04 versus 1.89 last month
    prices received 2.49 versus 1.88 last month
    finished goods inventory 17 versus 19 last month

    Services revenues index +11 versus +16 in June

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