New Orders in Durable Goods dropped -1.3% for November 2010, after last month's -3.1% decrease, revised. New orders has declined 3 of the past 4 months. New orders in non-defense capital goods decreased -6.8%. Core capital goods new orders increased 2.6%. Nondefense aircraft & parts new orders dropped -53.1% and shipments declined -8.6%.
The November 2010 ISM Manufacturing Survey is out and PMI came in at 56.6%. October 2010 manufacturing ISM was 56.9%. This is a -0.3% decrease in the factory index. While this is the 16th month for expansion (anything above 50 is an expansion), this is another flat line on the manufacturing ISM.
New Orders in Durable Goods dropped 3.3% for October 2010, but last month's 3.3% increase was revised up to 5%. New orders has declined 3 of the past 5 months. New orders in non-defense capital goods decreased -4.5%. Core capital goods new orders also fell -4.5%.
The Federal Reserve's Factory Production report shows a 0.0%, no change for October 2010 in Industrial Production. Here is a detailed report. It's not as bad as it sounds, manufacturing output itself increased and utilities dragged the index down. High temperatures are blamed for the drop in utilities, but myself, I cannot help but wonder if less people can afford them?
The October 2010 ISM Manufacturing Survey is out and PMI came in at 56.9%. September 2010 manufacturing ISM was 54.4%. This is a +2.6% increase in the factory index. While this is the 15th month for expansion (anything above 50 is an expansion), this is the first acceleration on the manufacturing ISM since April 2010.
"The other 90% is subsidy, currency manipulation, environmental practices run amok and labor practices that are simply deplorable," Leo Hindery Jr., chairman of the U.S. Economy/Smart Globalization Initiative, told the Conference on the Renaissance of American Manufacturing held on Sept. 28 in Washington, D.C., according to Industry Week.
The Federal Reserve's Factory Production report shows a -0.2% decrease for September 2010 in Industrial Production. Here is a detailed report. Here's something not good, although the Fed is referring to the slowdown in growth, Industrial Production is up 3.6% for Q3 2010. Below is a quote from the report:
The index for manufacturing decelerated sharply in the third quarter
The September 2010 ISM Manufacturing Survey is out and PMI came in at 54.4%. August 2010 manufacturing ISM was 56.3%. This is a -1.9% decline in the factory index. While this is the 14th month for expansion (anything above 50 is an expansion), this is a slowing on the manufacturing ISM. The below graph shows PMI is now back to December 2009 levels.
The July 2010 ISM Manufacturing Survey is out and PMI came in at 55.5%. Last month's manufacturing ISM was 56.2%. June ISM manufacturing index declined -3.5% from May's 59.7%. While this is the 12th month for expansion (anything above 50 is an expansion), this is a slowing on the manufacturing ISM.
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