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Mar. ISM Manufacturing Index: 51.3 vs. 54.0 consensus and 54.2 prior.

Mar. ISM Manufacturing Index: 51.3 vs. 54.0 consensus and 54.2 prior.
Comments (10)
  • rjroberts
    , contributor
    Comments (215) | Send Message
     
    The pain of the real world; not the spin of magicians!
    1 Apr 2013, 10:22 AM Reply Like
  • Intangible Valuation
    , contributor
    Comments (613) | Send Message
     
    51.3 means that most manufactures are expanding production. It doesn't make sense to talk about *expectations* with the ISM number because of how it is calculated. Therefore there is no "miss" and besides, if you want to complain about the economy just look at the 40,000,000+ persons on foodstamps. Keep in mind that if this were the 1930's, those people would be in-line outside of soup kitchens. As it is, we get to hide their poverty by sending people on food stamps discrete little visa cards which contain tax payer funds. While the grocers know, to some extent, the social appearance of poverty is effectively concealed from our eyes. Welcome to psychological economic management. Its an interesting system.

     

    But the point still remains, ISM numbers are not the sort of numbers where "expectations" make any sense what-so-ever. It is like trying to predict the price of gold -- it is merely human caprice and subjective psychological anchoring.
    1 Apr 2013, 12:41 PM Reply Like
  • DianeLee
    , contributor
    Comments (360) | Send Message
     
    The catch is that new orders are down to 51.4, from 57.8. Seems that might qualify for a leading indicator.
    1 Apr 2013, 01:55 PM Reply Like
  • Intangible Valuation
    , contributor
    Comments (613) | Send Message
     
    Good point but it is still the case that new orders are growing, just not as fast as before.
    1 Apr 2013, 02:20 PM Reply Like
  • Joe Springer
    , contributor
    Comments (2325) | Send Message
     
    That seems like a pretty big miss...any chance they were just kidding, April Fools?
    1 Apr 2013, 10:33 AM Reply Like
  • june1234
    , contributor
    Comments (3147) | Send Message
     
    Since Markit's number showed expansion month over month maybe they can investigate ISM and replace them with Markit
    1 Apr 2013, 11:09 AM Reply Like
  • Nolesince87
    , contributor
    Comments (260) | Send Message
     
    When does Ben march out and announce he fill address this weakness through a new round of QE?
    1 Apr 2013, 11:14 AM Reply Like
  • DMKMJG
    , contributor
    Comments (9) | Send Message
     
    Go to the source of the report. Read it yourself. It is anything but pessimistic. In fact, it is upbeat. LIsten too much to the "Talking Heads" and you will throw yourselves into a permanent funk!

     

    The ISM report's URL:
    http://bit.ly/ImJx2F
    1 Apr 2013, 01:07 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    I disagree. This is the end of the world as we know it so we should go 3x short right now.
    1 Apr 2013, 01:19 PM Reply Like
  • nafar
    , contributor
    Comments (236) | Send Message
     
    Let's see everything in proper perspective. GDP (output of USA in a year) which was prior to recession has been achieved with lesser employment levels. That's fine. Durin g this process, lot of jobs were lost in government area due to paucity of funds and continuation of jobs being moved abroad. Had GDP level was achieved with levels of employment at that time people wud be acclaiming the results thereby ignoring the higher productivity. Further the haed winds were absent then - like European and BRICS countries slowdown. Let's appreciate the things in the current situation.
    What is needed that all earning people should pay equal rate of tax atleast if not more. Naturally not to be levied on people who are earning wages at the minimum levels.
    1 Apr 2013, 04:21 PM Reply Like
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