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Sept. ISM Manufacturing Index: 51.6 vs. 50.5 consensus and 50.6 prior. Prices index 56 vs. 55.5...

Sept. ISM Manufacturing Index: 51.6 vs. 50.5 consensus and 50.6 prior. Prices index 56 vs. 55.5 prior. Employment 53.8 vs. 51.8. Inventories 52 vs. 52.3. New orders 49.6 vs. 49.6.
Comments (3)
  • Credit didn't move on the number.
    3 Oct 2011, 10:07 AM Reply Like
  • New Orders 49.6 49.6 0.0 Contracting
    Backlog of Orders 41.5 46.0 -4.5 Contracting
    Employment 53.8 51.8 +2.0 Growing

     

    This is a confusing report if you just look at the main number. I am not a historian on this index but the two sub-indexes above seem to suggest that the future direction will be down. I guess the trendline is also negative on a moving average basis - peak of 61.2 in March to the current level of 51.6.

     

    Reading the comments provided, it seems like the "rebound" came mainly from automotive manufacturing growth. The uptick is either indication of that second half rebound or noise on a downward trend.

     

    Who says investing is easy?
    3 Oct 2011, 10:20 AM Reply Like
  • Buy the dips unless 1120 breaks.

     

    Its not as bad as the media would like you to think....

     

    Or at least I still see a lot of consumers buying while complaining.
    3 Oct 2011, 10:49 AM Reply Like
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