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More on ISM decline

  • New Orders fell to 53.3 from 55.1; Production 55.2 vs. 55.7; Employment 51.9 vs. 54.7. Supplier Deliveries 52.5 vs. 55.9; Prices 60.0 vs. 56.5; Backlogs 52.5 vs. 55.5.
  • The headline print of 53.2 is the slowest since February, and contrasts with the 2nd half of 2013 when readings were consistently in the mid-high fifties.
  • The 10-year Treasury yield dips one basis point from its level prior to the report, now at 2.49%. TLT -0.2%, TBT +0.3%
  • Full report
  • ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, ZROZ, SBND, TLH, DLBS, VGLT, UBT, TLO, TENZ, LBND, TYBS, DLBL
  • Previously: ISM Manufacturing Index at 53.2
Comments (7)
  • bbro
    , contributor
    Comments (9317) | Send Message
     
    "Of the 18 manufacturing industries, 17 are reporting growth in May in the following order: Furniture & Related Products; Electrical Equipment, Appliances & Components; Primary Metals; Fabricated Metal Products; Nonmetallic Mineral Products; Machinery; Transportation Equipment; Chemical Products; Paper Products; Computer & Electronic Products; Petroleum & Coal Products; Apparel, Leather & Allied Products; Printing & Related Support Activities; Food, Beverage & Tobacco Products; Wood Products; Miscellaneous Manufacturing; and Plastics & Rubber Products. No industry reported contraction in May."
    2 Jun, 10:14 AM Reply Like
  • permanent
    , contributor
    Comments (115) | Send Message
     
    compare it to the other indicators of future business activity
    Prices 60.0 vs. 56.5
    Prices are steadily going up. The FED will have to further slow the QE and program and trade will be an ongoing negative factor.
    2 Jun, 10:57 AM Reply Like
  • MLP Trader
    , contributor
    Comments (873) | Send Message
     
    ISM "unexpectedly drops." GDP "unexpectedly drops" 1%. CPI and PPI "unexpectedly" rise. Sounds more like wishes than expectations.....
    2 Jun, 11:03 AM Reply Like
  • june1234
    , contributor
    Comments (2497) | Send Message
     
    If these people got paid based on their expected numbers getting hit, none of em would be employed
    2 Jun, 11:08 AM Reply Like
  • 6151621
    , contributor
    Comments (1163) | Send Message
     
    Growth sucked (oops, I meant slowing) across the board except for prices and inventories! Great Economy.
    2 Jun, 11:27 AM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2565) | Send Message
     
    Actually ISM may have miscalculated. Headline print should have been higher...56 is last I saw. This is actually a pretty good ISM number.

     

    http://bit.ly/1iLLcfl
    2 Jun, 11:38 AM Reply Like
  • 6151621
    , contributor
    Comments (1163) | Send Message
     
    Great! Maybe actual economy does not fit linear regression type model?! Years later the adjustments will show were the economy really was at this point. Maybe they do have good intentions but these type of models support status quo much as central does.
    4 Jun, 08:35 AM Reply Like
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