Posts Tagged ‘ISM’

US Manufacturing PMI Hits Three-Month Low, ISM Factory Index Falls

by Christopher Lemieuxon February 3, 2014 3:47 pm GMT
The US manufacturing PMI retreated from an 11-month high in December’s reading of 55 to 53.7 in January. Manufacturers reported that output and new business growth declined in January with abnormally cold weather, once again, being the scapegoat. New Export orders dropped for the first time since September. The weaker new business growth was offset […]

President Obama Renews Campaign on Jobs

by Christopher Lemieuxon January 11, 2014 6:46 pm GMT
In the wake of the divergence in December’s job numbers from the previous few months, President Barack Obama is about to re-campaign how to create shovel-ready jobs in the manufacturing sector. This has been one of the key focus points of President Obama’s growth plan but has come-and-gone after his election and re-election campaigns. President Obama […]

ISM Services PMI Falls Short of Expectations, Housing Declines

by Christopher Lemieuxon January 6, 2014 4:07 pm GMT
The Institute of Supply Management (ISM) services index fell short of expectations coming down from 53.9 to 53 in December. Orders in the corresponding month fell for the first time since 2009 as orders in 11 industries declined. Higher interest rates continue to threaten the housing rally (bubble?), which has been a core strength in […]

Dollar Hung Up on Resistance

by Christopher Lemieuxon January 6, 2014 6:09 am GMT
The US dollar has been able to post large gains during the thin holiday trade given the relatively positive data. Kengo Suzuki, chef FX strategist at Mizuho Securities Co., said that “the dollar remains in the upward trend.” Suzuki also believes that the Fed will taper $10 billion in each of the next Fed meetings. […]