December Manufacturing ISM Prices Index Fell Sharply, Is Inflation Peaking?

The ISM Manufacturing Index for December came in at 58.7% under the consensus 60.3% and 61.1% in November. Of note was the Prices Index falling to 68.2% from 82.4%. Price pressures mellowed, are still alleviated but a sharp pullback. The assumption is improved supply chain conditions; the question is does the Omicron variant bring the gains undone, or become deflationary with demand destruction? January will be illuminating. The Prices Index 14.2-percentage point decrease month over month is big but ISM’s … Continue reading “December Manufacturing ISM Prices Index Fell Sharply, Is Inflation Peaking?”

China’s Economic Deceleration Highlighted By Factory Contraction First Time Since Pandemic Begun

China’s economy has been wobbling in the worse energy crisis it’s had since it’s shift to faux capitalism. Chinese factory acivity contracted in September for the first time since the pandemic began. This is just the latest sign of deceleration from by its attempt to manipulate commodity prices in its trade war with Australia with the end result being crushed by energy shortages. This has seen a rise in costs mainly caused by a sharp increase in the prices of … Continue reading “China’s Economic Deceleration Highlighted By Factory Contraction First Time Since Pandemic Begun”

US Manufacturing Continues Recovery, New Orders Highest Since January 2004

The US manufacturing sector via the regional Chicago ISM Manufacturing PMI hit to the highest since September 2018 in October at 59.3% much higher than the 55.7% expected. New Orders Index highest level at 67.9% since January 2004

US Manufacturing Employment, Exports and New Orders All Contact as Trade War Bites

The US manufacturing sector via the regional Chicago ISM Manufacturing PMI contracted under 50 to the lowest since January 2016 in August. Employment index lowest since March 2016. New orders lowest since June 2012

Chicago ISM PMI Contracts to 2015 Levels as Production Collapses 22%

The US manufacturing sector has been weakening. On Wednesday the regional Chicago ISM Manufacturing PMI contracted to the worse level in 4 and a half years to 44.4 in July. It had been expected to be back over 50. Production indicator fell 22% on the month to hit a 10-year low.