ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index fell-back 2.7 points in November to 57.4, falling short of analysts’ expectations. Last month the index rose to its highest level since October 2003. Despite the decline in November, the index represents continued growth in the nonmanufacturing segment as the fundamentals continue to be supportive for nonmanufacturing, [...]

ISM Manufacturing Index

The November Purchasers Manger’s Index posted a score of 58.2, falling 0.5 point month on month, (m/m) and a bit lower than analysts’ expectations. Despite the decline, the index remains at elevated levels. The new orders index climbed 0.6 point to 64.0, its six month in a row over 60. The index remains in line [...]

U.S. Manufacturing Capacity Utilization

Manufacturing capacity utilization advanced by 0.9 index points to reach its highest level since June 2008. Capacity utilization for manufacturing was 76.4% in October, a rate that is 2.0 percentage points below its long-run average. Utilization for durables increased 0.2 percentage point to 75.7%, while the rate for nondurables rose 1.7 percentage points to 78.1%. The operating rate [...]

U.S. Industrial Production

Industrial production moved-up 0.9% in October, month on month, (m/m) besting analyst’s consensus forecast. This was the strongest monthly gain since April of this year. Production was broad based, manufacturing production also recorded its best gain since April, surging 1.3% m/m as capacity utilization advanced 0.6%. Industrial production is a pure measure of output, untainted [...]

ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index advanced 0.3 points in October to 60.1 to its highest level since October 2003. The result once again exceeded analysts’ expectations. The results were generally positive, as the sub-indexes of; business activity, employment, exports and inventories all improved. New orders dipped a fraction, imports were flat and [...]

ISM Manufacturing Index

The Purchasers Manger’s Index posted a score of 58.8, falling 2.1 points month on month, (m/m), lower than analysts’ expectations. Despite the decline, the index remains at elevated levels leaving the expectation of further gains in manufacturing over the next several months. The new orders index fell back 1.2 points to 63.4, its fifth month [...]

U.S. Industrial Production

Industrial production bounced back in September, up 0.3% month on month, (m/m), after taking a 0.9% dip in August. Production was broad based. Utilities and mining posted gains, which were unexpected due to the damage caused by the recent hurricanes. Manufacturing production disappointed however, up a weaker than expected 0.1% m/m. Manufacturing production was up [...]

ISM Manufacturing Index

Manufacturing activity continued to improve in September helped by a depreciated U.S dollar and a stronger global economy. The Purchasers Manger’s Index posted a score of 60.8, up 2.0 points month on month, (m/m) surpassing analysts’ expectations. The index is now at its highest level since July 2004. The new order sub index was 64.6, [...]