The Durable Goods, advance report shows new orders shot up by 2.0% in July. June showed a whopping 4.1% new orders increase. Core capital goods, showed a 2.2% monthly gain. Without transportation new orders, which includes aircraft, durable goods new orders would have increased by 0.6%. Motor vehicles & parts new orders gained 4.0% for the month.
The May ISM Manufacturing Survey shows a slight improvement from last month, yet nothing to write home about. The composite PMI increased by 0.7 percentage points to 53.5%. Manufacturing employment accelerated and order backlogs dropped. Prices for manufacturers didn't change for the month.
The May ISM Manufacturing Survey shows nothing in manufacturing is shrinking again. The composite PMI grew to a now safe 52.8% after a 1.3 percentage point increase. Manufacturing employment came out of contraction as did inventories. Exports move to no change. Prices are still decreasing but not by much anymore. Overall the report is a relief that things are not so bad.
The Durable Goods, advance report shows new orders declined by -0.5% in April. In March new orders increased 5.1% yet in February, new orders dropped by -3.5%. For April, transportation was the culprit as new orders in this category dropped -2.5%. Core capital goods, on the other hand, gained 1.0%. Without transportation new orders, which includes aircraft, durable goods new orders would have increased by 0.5%.
The April ISM Manufacturing Survey PMI had no change from March and is still a barely breathing growth of 51.5%. Manufacturing employment went into contraction as did inventories. Exports improved as did new orders and production. The worse news of the ISM manufacturing report is employment.
The March ISM Manufacturing Survey shows manufacturing is barely breathing growth as a monthly -1.4 percentage point decline put PMI near the contraction edge. PMI is now 51.5% and if the index falls below 50%...that's contraction. The reason for the slide was supplier deliveries, which were more streamlined indicating less to ship and slower manufacturing hiring.
The January ISM Manufacturing Survey shows manufacturing is still expanding, abet at an even slower pace than December. PMI dropped by -1.6 percentage points to 53.5% Everything was down this month, new orders especially declined. While technically not showing a contraction, the ISM overall message tells us American manufacturing is close to running idle.
The Durable Goods, advance report shows new orders declined by -3.4% for December 2014. This month the decline was caused by volatile aircraft and parts. Core capital goods also dropped by -0.6%. For the last three of four months durable goods new orders as a whole have declined. Without transportation new orders, which includes aircraft, the durable goods decline would have been -0.8%.
The December ISM Manufacturing Survey shows manufacturing is still expanding, abet at a slower pace than November. PMI dopped by -3.2 percentage points to 55.5%. New orders caused the overall decline and by themselves slid down -8.7 percentage points to go below the 60's level.
The October ISM Manufacturing Survey recovered from last month's plunge. PMI rose by 2.4 percentage points to 59%. New orders caused the overall gain and by themselves jumped up 5.8 percentage points to the 60's level. Production is at highs not seen in a decade. This is a great report, even with declines in petroleum and coal.
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