June 2017

ISM Non-Manufacturing Index

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

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 [...]

May 2017

April 2017

Inventory Census

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 [...]