March 2018

ISM Non-Manufacturing Index

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 [...]

ISM Manufacturing Index

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 [...]

Advanced Durable Goods 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 [...]

February 2018

U.S. Industrial Production

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 [...]

ISM Non-Manufacturing Index

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 [...]

ISM Manufacturing Index

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 [...]

January 2018

ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index fell-back 2.7 points in December to 55.9, its second decline in as many months. Despite the decline in November and December, the index represents continued growth in the nonmanufacturing segment as the fundamentals remain strong for the nonmanufacturing sector, which accounts for 88% of GDP. For the [...]

ISM Manufacturing Index

The December Purchasers Manager’s Index ended the year on a positive note climbing 1.5 points point month on month, (m/m) to reach 59.7, easily topping analysts’ expectations. The index has now been greater than 50 for 16 consecutive months and 21 of the last 24 months. The new orders sub-index surged 5.4 points m/m to [...]

December 2017

U.S. Manufacturing Capacity Utilization

Manufacturing capacity utilization (MCU), scored a 76.4% in November, up 0.12% month on month, (m/m), its third consecutive monthly increase. On a year on year (y/y) comparison the MCU was up 2.2%. Manufacturing fundamentals continue to improve. Both the U.S. and global economy are strengthening and at the same time, the dollar has depreciated against [...]

U.S. Industrial Production

Industrial production moved-up 0.2% in November, month on month, (m/m) a bit shy of analyst’s consensus forecast, but its third consecutive monthly increase. Overall capacity utilization as well as manufacturing each gained 0.1 percentage point for the month. Another encouraging note was that the top line for October was revised up from 0.9% to 1.2%. [...]