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ISM

ISM Disappoints, While Market Maintains its Gains

The February’s manufacturing ISM slipped to 56.5, versus a 58.4 a month prior.  Disappointing the latest Bloomberg consensus forecast of 58.0.  Any level over 50 signifies expansion in the sector.  I continue to believe that as inventory restocking begins to slow the ISM manufacturing index will suffer as 2010 progresses.  That is without a new […]

What To Look For This Week

This week I am going to keep a close eye on several housing reports, which include January’s new (Wed) and existing (Fri) home sales along with December’s Case Shiller HPI (Tue)–December is the first month after what would have been the expiration of the first time home buyer tax credit.  December’s home prices likely came […]

Manufacturing Around the Worlds Grows Faster Than Expected

January’s Manufacturing ISM Index rose to 58.4, now coming in above 50 for six consecutive months. The this reading was much better than the Bloomberg consensus forecast of 55.5 with individual estimates from 53.5 to 58.0. Looking at the ISM’s sub-indices; prices paid rose to 70.0 in January from 61.5 in December; the employment index […]

ISM Could Bode Well For Payrolls

The manufacturing ISM rose to 55.9 from 53.6 in November. Looking at the components the Prices Paid Index rose to 61.5 in December from 55.0, while New Orders jumped to 65.5 from 60.3 in November. But, the big story may be in the Employment Index, which climbed to 52.0 in December from 50.8. This result […]

US Economics Week Ahead: 2010 Starts with a Bang

It is a good thing investors will have the entire weekend to recover from their New Year’s celebrations, because 2010 is starting with a bang, at least in terms of economic data.  Undoubtedly, the week’s most critical release will be Friday’s employment report, where excitement is building that payrolls could show their first monthly advance […]

Morning Macro Recap: ISM & Pending Home Sales

The ISM manufacturing index rose in October to 55.7 from 52.6 in September, which was above expectations.  This was the highest reading for the index since April.  The prices paid index climbed to 65.0 in October from 63.5 a month prior. The employment index jumped to 53.1 during the month from 46.2 in September. The […]

US Economics Week Ahead: Jobs & the Fed

With the first week of November comes a wave of important economic data—plus a few key earnings announcements—important macro releases include October’s employment report, an FOMC announcement, and several other indicators that will help gauge the health of the consumer and overall economy.  Also important to note is that the ECB, Bank of England, and […]

US Economics Week Ahead: Markets Try to Find Traction in an Array of Data

There’s no doubt this week’s most important release will be Friday’s employment report, which is expected to show a decline in payrolls of -170K with an unemployment rate of 9.8%.  This week could prove critical as markets try to regain some traction after several negative surprises last week, including lower than anticipated existing home sales […]

ISM Up, Construction Spending Neutral, & Pending Home Sales Rise

The ISM rose for the 8th consecutive month finishing August at 52.9, this was the index’s first reading above the break even point of 50 since January 2008. Improvements in manufacturing will likely have positive implications for 3Q09 Real GDP growth. The new orders index increased to 64.9 from 55.3 a month prior. This index […]

July’s Non-Manufacturing ISM comes in Below Expectations

July’s non-manufacturing ISM came in at 46.4, compared to last month’s reading of 47.0 in June, and a market consensus of 48.2.  July’s employment index moved to 41.5 from 43.4.  The prices paid index moved to 41.3 from 53.7.  Weakness in the employment index coupled with a weaker than anticipated ADP report could place negative […]