ISM Manufcaturing

The National ISM Disappoints

by Glenn Busch November 1, 2011
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Yesterday’s Chicago PMI was a reliable indicator of today’s drop in the National ISM. Recently the spread between the two manufacturing surveys has been about 8 points and yesterday’s Chicago PMI of 58.4 hinted towards a national ISM of 50. This morning the national ISM came in at 50.8. The consensus was for an increase to 52 from 51.6 in September.

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September 2011 ISM Better Than Expected

by Glenn Busch October 3, 2011
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The national ISM came in better than expected as the Chicago PMI indicated. The consensus estimate was for the ISM to decreass to 50.5 from its August reading of 50.6. Today the ISM came in at 51.6 showing a U.S. economy still epxanding.

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ISM Remains Positive but Key Components Continue to Weaken

by Glenn Busch September 1, 2011
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A stronger than expected Chicago PMI signaled a stronger than expected National ISM and it happened. The consensus estimate was for an ISM reading of 48.5. Today’s August ISM report showed a reading of 50.6. Well above the estimate and still in positive territory.

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ISM Manufacturing Index Rebounds in June Too

by Glenn Busch July 1, 2011
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After yesterday’s Chicago PMI we knew that today’s ISM report was going to stay above 50 and it had a chance to surprise. We were not disappointed this morning. The June ISM came in better than expected.

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May 2011 ISM Manufacturing Index Weaker Than Expected

by Glenn Busch June 1, 2011
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New orders are the life blood of manufacturing. As new orders goes so goes the index and this is why the ISM was such a huge disappointment this month. New orders were down by such a large percentage that it creates doubt about future manufacturing growth and overall economic growth.

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Mixed Results for November 2010 ISM Manufacturing Index

by Glenn Busch December 1, 2010
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The key item is new orders; it is the most heavily weighted component of the index at 30%. New orders area leading indicator; increased orders leads to higher production and better employment numbers. While the New orders number still shows growth, above 50, the growth is slowing which doesn’t bode well for future production or employment.

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October ISM Shows 15th Consecutive Month of Expansion

by Glenn Busch November 1, 2010
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The ISM Manufacturing Report came out today higher than expectations and higher than the September report as predicted by the Chicago PMI. The October ISM Manufacturing Index came in at 56.9% versus September’s reading of 54.4%. The latest PMI shows the 18th consecutive month of growth in the overall economy and the 15th consecutive month of expansion within the manufacturing sector.

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