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Chicago PMI: 61.1 vs. 53 expected, 56.6 prior. Employment 58.7 vs. 60.8 prior. New orders 61.2...

Chicago PMI: 61.1 vs. 53 expected, 56.6 prior. Employment 58.7 vs. 60.8 prior. New orders 61.2 vs. 53.5 prior. Prices paid 70.5 vs. 78.6 prior.
Comments (2)
  • inthemoney
    , contributor
    Comments (981) | Send Message
     
    It is hard to understand the numbers - more orders but lower employement?
    And the comments in the report say that the orders are slowing down?

     

    "5. ―Incoming orders have definitely slowed down. Several orders we expected to see are currently on hold. Hopefully something will break or the 4th quarter is going to look sad.‖
    6. ―It looks as if manufacturing is showing signs of slowing down.‖
    7. ―There may be a little softening coming but its too early to tell.‖
    8. ―This actually is our slow time of year. From Middle of April through Middle of August is our slowest time of year. We always see a huge spike in orders and shipments to customers starting late August through March of the following year.‖
    9. ―Suppliers continue to have trouble finding skilled workers. The recession, the "recovery," and the disappearance of industrial arts in our schools seem to have diminished a formerly strong labor pool.‖"
    30 Jun 2011, 10:02 AM Reply Like
  • amhtet
    , contributor
    Comments (2) | Send Message
     
    From Bloomberg definition "The survey is conducted by Kingsbury International, LTD. Manufacturing and non-manufacturing firms are both surveyed. "

     

    So, the survey is not just manufacturing but includes service related firms as well. Tomorrow ISM for manuf. will tell.
    30 Jun 2011, 12:08 PM Reply Like
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