The Institute for Supply Management’s non-manufacturing composite index increased by 2.7 points month on month, (+5.0% MoM) to 56.4 in August. The ISM nonmanufacturing survey measures the rate and direction of change in activity in nonmanufacturing industries. Surveys are sent to more than 370 purchasing managers in 17 industries. Survey responses reflect the change in [...]
ISM Manufacturing Index: The Institute of Supply Management’s Index moved down 2.1 points on month, (m/m) to 49.1 for August 2019. This is the first time the index has been lower than 50 since August 2016. Before this month, the index had been greater than 50, (>50 = expansion) for thirty-five consecutive months. The new orders [...]
The July Industrial production, (IP) report decreased slightly (0.2%) MoM for the month at 109.2. On a year on year, (y/y) basis, the IP index was up 1.2%. Industrial production is a pure measure of output, untainted by the effects of price swings, in the industrial part of the U.S. economy. Every month, the Federal [...]
Manufacturing capacity utilization (MCU), scored a 75.4% in July, down 0.6% month on month (m/m), and down 0.4% year on year (y/y) Figure 1, charts capacity utilization from 2000 to present. The MCU index is currently in the green zone which is considered to be ideal. After a long run at the bottom of the [...]
The Institute of Supply Management’s Index moved down 0.5 points on month, (m/m) to 51.2 for July 2019. This value is an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for thirty-five consecutive months. The new orders sub-index scored a 50.8. Overall, the ISM manufacturing index is strong [...]
The Institute for Supply Management’s non-manufacturing composite index decreased by 1.4 points month on month, (-3.2% MoM) to 53.7 in July. The ISM nonmanufacturing survey measures the rate and direction of change in activity in nonmanufacturing industries. Surveys are sent to more than 370 purchasing managers in 17 industries. Survey responses reflect the change in [...]
Manufacturing capacity utilization (MCU), scored a 75.87% in June, up 0.3% month on month, (m/m), its second monthly increase for the year. On a year on year (y/y) comparison the MCU was a modest 0.44%. Manufacturing fundamentals continue to improve. Both the U.S. and global economy are strengthening and at the same time, the dollar [...]
The June Industrial production, (IP) report remains flat MoM for the month at 109.6. On a year on year, (y/y) basis, the IP index was up 2.0%. Prospects for continued growth in 2018 look promising indeed as companies will see a 14% decline in the corporate tax rate. An additional major benefit is the allowance [...]
The Institute for Supply Management’s non-manufacturing composite index decreased by 1.8 points month on month, (-3.2% MoM) to 55.1 in June. The ISM nonmanufacturing survey measures the rate and direction of change in activity in nonmanufacturing industries. Surveys are sent to more than 370 purchasing managers in 17 industries. Survey responses reflect the change in [...]
The Institute of Supply Management’s Index moved down 0.4 points on month, (m/m) to 51.7 for June 2019. This value is an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for thirty-three consecutive months. The new orders sub-index scored a 52.7. Overall, the ISM manufacturing index is strong [...]
