The Dallas Fed manufacturing index for September 2022 fell to -17.2 versus the prior reading of vs -12.9. Order rate has decreased over the past month. We are only working four days on some of our equipment. Although new orders did surge, there are still several uncertainties and key issues …
Read More »ISM Services PMI retreats below expectations
The ISM Services PMI in June retreated to 55.3 from 55.9 in May, showing that the business activity in the service sector expanded at a slightly softer pace. This data, however, came in better than the market expectation of 54.5.“The slight slowdown in services sector growth was due to a …
Read More »Wells Fargo: June’s ISM Manufacturing Data consistent with slower activity pace
Data released on Friday showed the ISM Manufacturing PMI dropped more than expected in June to 53, the lowest level in two years. According to Wells Fargo’a analysts the details of the report demonstrate slower activity in the manufacturing sector, but also that supply problems continue to ease, but only …
Read More »US: ISM Manufacturing PMI falls to 57.1 in March
The headline ISM Manufacturing Purchasing Manager’s Index (PMI) figure fell to 57.1 in March from 58.6 in February, a miss against expectations for a small rise to 59.0, according to the latest release by the Institute for Supply Management (ISM). There was a sharp rise in the Price Paid subindex …
Read More »Reading US ISM Data: Price Pressures Still Extraordinarily High
The biggest sequential drop in more than a decade for the prices paid component and shorter wait times for desperately needed supplies were the two primary drivers of the 2.4-point decline in the ISM manufacturing index to 58.7 in December “The drop in December’s ISM manufacturing index to 58.7 from …
Read More »US Factory Activity Growth Kept Pace in November
Manufacturing activity in the central Atlantic region of the U.S. surged in November at broadly the same pace as in October, according to a survey compiled by the Federal Reserve Bank of Richmond released Tuesday.The Fifth District Survey of Manufacturing Activity’s composite index in November is 11, down from 12 …
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