ISM Manufacturing Index Jumps to 10-Month High
The Institute for Supply Management reported that the nation’s manufacturing sector expanded at its fastest pace in 10-months, the overall business conditions index rising from 53.4 in March to 54.8 in April, surpassing expectations by a wide margin as the important new orders component showed a healthy increase.
This marks the 33rd straight month of expansion for this index (where readings above and below 50 indicate expansion and contraction, respectively) and the better-than-expected result last month bucks the overall recent trend of disappointing reports for the U.S. economy.
New orders - a key leading indicator for the manufacturing sector - jumped from 54.5 in March to 58.2 in April and production was strong, up from 58.3 to 61.0, as the only negative in the report was a contraction in backlog orders, from 52.5 to 49.5. The employment index improved from 56.1 to 57.3, boding well for the important labor report on Friday, and prices paid were elevated, but stable at 61.0.
Particularly after yesterday’s dismal report on the manufacturing sector from the Dallas Fed, where business activity contracted for the first time in seven months, many were expected the broader ISM manufacturing index to be weaker, but, as has happened many times since the economic recovery began in mid-2009, U.S. manufacturing has proven to be surprisingly resilient.
Leave a Reply Click here to cancel reply.
Iacono Research Subscriptions
as of Apr 27th, 2012
Week: | +0.8% | 2009: | +15.5% | |||||
Month: | -1.7% | 2008: | -27.4% | |||||
Year: | +4.4% | 2007: | +23.9% | |||||
2011: | -5.3% | 2006: | +25.4% | |||||
2010: | +27.6% | 2005: | +21.9% |
- Five Key Points on Buying a Short Sale September 15, 2010
- Now -That - Was a Gold Bubble October 20, 2010
- What if It Was All Just a Big Bubble? March 24, 2010
- Under-Employment Over the Long Term May 4, 2012
- Markets React to Weaker-Than-Expected Jobs Report May 4, 2012
- Nonfarm Payrolls Up 115K, Jobless Rate Down to 8.1% May 4, 2012
Think You Should Know The Price Of
National Debt Clock |
BLOG ROLL
Alfidi Capital
Bank Implode-O-Meter
Bernanke Panky
Bubble Meter
Bull! Not bull!
Calculated Risk
Capital Flow Watch
Capitalists@Work
Contrary Investors Cafe
Changing Places
Credit Writedowns
CrisisMaven's Blog
Crossing Wall Street
Decline of the Empire
Dollar Collapse
Dr. Housing Bubble
Earth Costs
Echo Boom Bomb
Econbrowser
Economist's View
Economic Disconnect
Economic Rot
Economic Populist
EconomPicData
Expected Returns
Financial Armageddon
Financial Sense Online
Fund My Mutual Fund
Gold Scents
Hedge Fund Implode
Home Builder Implode
Housing Doom
The Housing Bubble
Huffington Post
Implode-O-Meter (Original)
Jeff Matthews
Jesse's Café Américain
Juggling Dynamite
Kids Prefer Cheese
Laid Trades
Lansner on Real Estate
Liberated Stock Trader
Live Debt Free
Ludwig von Mises Institute
Mises Economics Blog
Manhattan Beach Confidential
Marginal Revolution
Market Observation
Minuteman Lobbyist
Mish
Models & Agents
Mover Mike
Naked Capitalism
The Nation
National Review Online
NJ Real Estate Report
OC Housing News
OilPrice.com
Paper Economy
Patrick.net
Professor Piggington
Prudens Speculari
PrudentBear
RealClearMarkets
RealClearPolitics
Robin Hood Trader
Rogue Economist Rants
SoCal RE Bubble Crash Blog
Safe Haven
Salon
Sense on Cents
Social Den
Staghounds
Survival and Prosperity
The Best Rates
The Big Picture
The Bonddad Blog
The Capital Spectator
The Great Depression of 2006
The Livermore Report
The Oil Drum
The Prudent Investor
Treatment Report
WallStreetOasis
Wall Street Mess
WTF Finance
No comments yet.