New orders for durable goods (ADG), decreased by 1.1% in May to $228.2 billion. On a three month moving average (3MMA), assessment, ADG was down 1.3% month on month (m/m) and down 0.3% year on year (y/y). The good news is that primary metals advanced 0.3% and were up 12.5% from a year earlier. The [...]

The Institute for Supply Management’s non-manufacturing composite index for May fell a fraction of a point to 56.9, slightly lower than analyst’s expectations. On a 3 month moving average basis the index scored 56.5, up 4.0%. Momentum (defined as 3 month minus 12 month), was positive 3.8%. Overall, the details were encouraging. The ISM nonmanufacturing [...]

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index for May ticked up 0.1 point month on month (m/m), to 54.9, weaker than analyst expectations yet still positive. New orders rose two points m/m as 14 of 18 industries reported growth in new orders. Primary metals and machinery were amongst the cohort reporting growth. The [...]

New orders for durable goods (ADG), fell -0.3% in April to $232,979 million. However on a three month moving average (3MMA), assessment, ADG was up 0.2% month on month (m/m) and up 1.1% year on year (y/y). Most of the decline for the month was attributable to a decline in non-defense aircraft orders which were [...]

Manufacturing capacity utilization (CU), bounced back to 75.90 in April, after a slight decline in March, up 0.94% month on month (m/m) and up 1.17% year on year (y/y). The 20 year average CU rate was 75.74, nearly exactly the current three month moving average (3MMA). Figure 1, charts capacity utilization from 2010 to present. [...]

The IP index recorded a value of 105.10 in April, up 1.0% month on month (m/m) and by 1.2% year on year (y/y). April’s score exceeded analysts’ expectations and was the third month in a row with a positive m/m gain. The increasing trend is welcome news for manufacturing. Industrial production is a pure measure [...]

  The Institute for Supply Management’s non-manufacturing composite index for April was up 2.3 points month on month to 57.6, besting analyst’s expectations. On a 3 month moving average basis the index scored 56.8, up 4.1%. Momentum (defined as 3 month minus 12 month), was positive 4.9%. Overall, the details were encouraging as new orders, business [...]

The Institute for Supply Management’s manufacturing index for April fell 2.4 points month on month to 54.8, a weaker than analyst expectations of a score of 56.1. A sharp decline in the sub-index for new orders was the principal cause of the decline in the overall index. The ISM manufacturing index is based on surveys [...]

The manufacturing index moved up for the third consecutive month reaching 75.3897 in February. This places in just inside the desirable range of between 75 and 85. Greater than 85 is considered to be overheated, while less than 75 is in the recessionary zone.  Growth in the index is up 0.42% month on month but [...]

The US Census Bureau reported that new orders for manufactured goods increased $4.8 billion (B), or 1.0% to $476.5 B in February. This was the seventh increase in the past eight months and follows a 1.5% increase in January. Shipments increased by $1.4 B or 0.3% to $480.0 B and have risen in 11 of [...]