ISM Manufacturing Index

The Institute for Supply Management’s manufacturing index for June increased by 2.9 percentage points month on month (m/m), to 57.8, besting analyst expectations. New orders surged points percentage points 5.3 m/m. This was the second consecutive gain and puts the index back above 60 for the first time since March. Fifteen of the 18 industries that [...]

Baltic Dry Index

The three month moving average (3MMA), BDI for June was 1,022, down 8.4%, 3MMA month on month (m/m), but up 66.8%, 3MMA year on year, (y/y). The BDI is a shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport raw materials. The Baltic Dry Index offers a forward [...]