More on ISM Manufacturing


New Orders of 58.9 rises from 56.9 in May. Production dips to 60.0 from 61.0. Employment is flat at 52.8. Supplier Deliveries drops to 51.9 from 53.2. Prices fall to 58.0 from 60.0. Backlogs fall to 48.0 from 52.5.

Full report

Previously: June ISM Manufacturing Index slips to 55.3

Up two basis points ahead of the print, the 10-year Treasury yield remains so at 2.55%. TLT -0.9%, TBT +1.3%

ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, DLBS, VGLT, UBT, TLO, TENZ, LBND, TYBS, DLBL

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Comments (5)
  • bbro
    , contributor
    Comments (11194) | Send Message
     
    "Of the 18 manufacturing industries, 15 are reporting growth in June in the following order: Furniture & Related Products; Nonmetallic Mineral Products; Food, Beverage & Tobacco Products; Machinery; Fabricated Metal Products; Computer & Electronic Products; Transportation Equipment; Miscellaneous Manufacturing; Electrical Equipment, Appliances & Components; Apparel, Leather & Allied Products; Wood Products; Printing & Related Support Activities; Petroleum & Coal Products; Primary Metals; and Paper Products. The three industries reporting contraction in June are: Textile Mills; Chemical Products; and Plastics & Rubber Products."

     

    Back in December 2007 the number of industries reporting growth had dropped to 7
    1 Jul 2014, 10:25 AM Reply Like
  • mrdirt
    , contributor
    Comments (762) | Send Message
     
    But Employment is flat. When 70% of Economy depends on Consumer Spending and consumers already taped out on higher food, electric, tuition and costs but then again the Fed describes this as noise.
    1 Jul 2014, 12:24 PM Reply Like
  • bbro
    , contributor
    Comments (11194) | Send Message
     
    "Employment is flat. "

     

    ISM is a breadth index....

     

    "Of the 18 manufacturing industries, nine reported growth in employment in June in the following order: Furniture & Related Products; Textile Mills; Petroleum & Coal Products; Fabricated Metal Products; Transportation Equipment; Machinery; Computer & Electronic Products; Food, Beverage & Tobacco Products; and Miscellaneous Manufacturing. The five industries reporting a decrease in employment in June are: Plastics & Rubber Products; Primary Metals; Paper Products; Chemical Products; and Nonmetallic Mineral Products.'

     

    There is job growth....
    1 Jul 2014, 12:57 PM Reply Like
  • SharkDude
    , contributor
    Comments (756) | Send Message
     
    OMG. that makes me want to buy even more aapl and nflx.
    1 Jul 2014, 10:29 AM Reply Like
  • june1234
    , contributor
    Comments (4249) | Send Message
     
    I'm certain Yellen and them are paying much closer attention to the tanking big bank European stocks than they are to June auto sales numbers. Like Lagarde at the IMF has warned more than once, the TBTF issue, at the heart of the 08 crisis, has not been dealt with.
    1 Jul 2014, 11:11 AM Reply Like
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