The ISM manufacturing index (PMI) was released this morning and reported a PMI of 49.7 – the worst showing since July of 2009 and 3.8 point reduction from the May number. The report revealed several statistics that likely point to another dismal jobs report for June due to be released this Friday. The new orders, [...]
Tag: "Manufacturing Index"
(Tempe, Arizona) — Economic activity in the manufacturing sector contracted in June for the first time since July 2009; however, theoverall economy grew for the 37th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®. The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management™ Manufacturing [...]
The DOW opened today at 11,406.50 and at it’s lowest point as of noon, it had dropped more than 500 points to 10,881.6. Shocking the markets, the Philadelphia regional manufacturing index came in much worse than analysts had expected. A MarketWatch.com survey of economists had shown an expectation of .5, showing moderate growth. Instead, the index showed a steep [...]