Manufacturing ISM in June Weaker Than Expected as New Orders Contract Below 50%

The June ISM Manufacturing Index came in at 53.0% below the consensus 55.0% and from 56.1% in May. The clear slowdown in manufacturing activity is evident, highlighted by the first contraction in new order activity in 25 months. The New Orders Index fell to 49.2% from 55.1%. June marked the 25th consecutive month of expansion in the manufacturing sector. However, this June reading was the lowest since June 2020. Price pressures mellowed, though still elevated. Prices Index dropped to 78.5% from … Continue reading “Manufacturing ISM in June Weaker Than Expected as New Orders Contract Below 50%”

Manufacturing ISM in May Stronger Than Expected as New Orders Rise

The May ISM Manufacturing Index came in at 56.1% over the consensus 54.9% from 55.4% in April. Of note was the Prices Index falling to 68.2% from 82.4%. May marked the 24th consecutive month of expansion in the manufacturing sector. However, this May reading was the second lowest since September 2020. Price pressures mellowed, though still elevated. Prices Index dropped to 82.2% from 84.6%. The hope is improved supply chain conditions; the question is does the Ukraine Russian war not allow … Continue reading “Manufacturing ISM in May Stronger Than Expected as New Orders Rise”

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.