June ISM Manufacturing Index At 49.7
ISM Manufacturing Index was reported at 49.7 vs. prior reading of 53.5 and consensus of 52.0.
Global Macro Perspectives
ISM Manufacturing Index was reported at 49.7 vs. prior reading of 53.5 and consensus of 52.0.
Empire State Manufacturing General Business Conditions Index for Januray came out at 13.5 vs. 11.0 consensus and prior reading of 8.2.
Empire State Manufacturing General Business Conditions Index for December came out at 9.5 vs. 3.0 consensus and prior reading of 0.6.
Philadelphia FED General Business Conditions Index rose from 3.6 to 10.3. Consensus was at 5.0.
PMI are showing signs of recovery.
U.S. industrial production fell 0.2% in November. Consensus was at 0.1%, October reading was at 0.7%.
(For November 2011) ISM Manufacturing Index was reported at 52.7 vs. prior reading of 50.8 and consensus of 51.8.
Chicago Purchasing Managers Index was reported at 62.6. Consensus was at 58.5, prior reading at 58.4.
Philadelphia FED General Business Conditions Index rose from -17.5 to 8.7. Consensus was at -9.4.
Empire State Manufacturing General Business Conditions Index for June came out at -8.5 vs. -4.0 consensus and prior reading of 8.8.
U.S. industrial production rose 0.1% in May. Consensus was at 0.2%, April reading was at 0.0%.
Chicago Purchasing Managers Index was reported at 56.5. Consensus was at 53.3, prior reading at 58.8.
ISM Manufacturing Index was reported at 50.9 vs. prior reading of 55.3 and consensus of 54.5.
Large negative surprise; a culmination of deteriorating economic data.
Empire State Manufacturing General Business Conditions Index for June came out at -7.8 vs. 12.0 consensus and prior reading of 11.9.
Ugly looking chart.
Empire State Manufacturing General Business Conditions Index for May came out at 11.9 vs. 19.6 consensus and prior reading of 21.7.
Well, we have a series of negative surprises…
ISM Manufacturing Index was reported at 60.4 vs. prior reading of 61.2 and consensus of 59.5.
Smaller slowdown than expected, positive surprise.
Philadelphia FED General Business Conditions Index fell from 43.4 to 18.5. Consensus was at 36.9.
As I wrote march reading was clearly an outlier, so this is a kind of normalization.
Empire State Manufacturing General Business Conditions Index for April came out at 21.7 vs. 17.0 consensus and prior reading of 17.5.
Positive surprise.
Philadelphia FED General Business Conditions Index rose to 43.4. Consensus was at 32.0, prior reading was at 35.9.
This is a positive outlier, it is highly unlikely that index can remain at these levels. Manufacturing surveys overestimate implied industrial growth in recent months.