The March Industrial production, (IP) report rises as capacity utilization came in at a three year high, gaining 0.5% month on month, (m/m). On a year on year, (y/y) basis, the IP index was up 4.3%. Prospects for continued growth in 2018 look promising indeed as companies will see a 14% decline in the corporate [...]
The Institute for Supply Management’s non-manufacturing composite index fell 0.7 point month on month, (m/m) to a still very strong 58.8 in March. The indexes is off strong start in 2018, up one point from its 2017 fourth quarter average. The strong advance in the index points to continued growth in the nonmanufacturing segment as [...]
The March Purchasers Manager’s Index moved down 1.5 points month on month, (m/m) to 59.3. This value is an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for 19 consecutive months. The new orders sub-index scored a 61.9, its tenth month in a row over 60. Overall, [...]
The February Industrial production, (IP) report was better than analyst’s expectation, gaining 1.1% month on month, (m/m). This after a disappointing negative 0.3% change in January. On a three month moving average, (3MMA) of IP moved-up 0.4% m/m. On a year on year, (y/y) basis, the IP index was up 4.4%. Overall capacity utilization rose [...]
The Institute for Supply Management’s non-manufacturing composite index fell 0.4 point month on month, (m/m) to a still very strong 59.5 in February. The indexes is off strong start in 2018, up two points from its 2017 fourth quarter average. The strong advance in the index points to continued growth in the nonmanufacturing segment as [...]
The February Purchasers Manager’s Index moved up 1.7 points month on month, (m/m) to 60.8, its first time in the “sixties” since 2004. This value was well above consensus expectations and an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for 18 consecutive months. The new orders [...]
The U.S. Census Bureau reported yesterday that; new orders for durable goods orders fell 3.7% in January. This was far worse that analyst’s consensus expectations and the first decline since October. Most of the weakness was in the volatile nondefense aircraft and defense sector. In addition, the December growth rate was revised 0.3 point lower [...]
The December Industrial production, (IP) increase was revised downward from +0.9% to +0.4%. The monthly percentage change in January was -0.1%, however, the three month moving average, (3MMA) of IP moved-up 0.3% in January. On a year on year, (y/y) basis, the IP index was up 2.8%. Headed into 2018, companies will benefit from a [...]
The Institute for Supply Management’s non-manufacturing composite index got off to a strong start in 2018, climbing 3.9 points in January to 59.9, besting analyst’s expectations. The strong advance in the index points to continued growth in the nonmanufacturing segment as the fundamentals remain strong for the sector. The ISM nonmanufacturing survey measures the rate [...]
The January Purchasers Manager’s Index fell-back 0.6 point month on month, (m/m) to 59.1, lower than December’s revised 59.7, but still topping analysts’ expectations. The index has been greater than 50, (>50 = expansion) for 17 consecutive months. The new orders sub-index scored a 64.5, its eighth month in a row over 60. Conditions are [...]
