Manufacturing PMI

Business conditions in the U.S. manufacturing sector deteriorated more than anticipated in June, marking the third consecutive month of contraction, according to the Institute of Supply Management’s Purchasing Managers’ Index. The pace of contraction in June was the fastest in four...

The U.S. manufacturing sector showed signs of resurgence in January, buoyed by a significant increase in new orders, potentially marking the end of a prolonged contraction phase. Data published Thursday highlighted an upward revision in the final reading of the S&P Global US Manufacturing PMI...

Economic activity in the U.S. manufacturing sector contracted in December for the 14th consecutive month, marking the longest slump for the sector since 2000-2001. This persistent downturn highlights ongoing challenges faced by the industry, despite some areas showing signs of stabilization. Key...

U.S. manufacturing activity rebounded unexpectedly in September, suggesting the sector may be emerging from a prolonged slump. The ISM Manufacturing PMI surged to 49, surpassing expectations (47.8) and reaching its highest level since November 2022, but still indicating a slight contraction for the...

The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) saw a modest uptick to 47.6 in August, beating market expectations of 47. While this marks an improvement from the previous month’s nearly three-year low of 46.4, it still signifies the 10th...

Philadelphia’s manufacturing sector demonstrated a remarkable turnaround in August, as indicated by the latest report from the Philadelphia Fed Manufacturing Index. The index surged to +12, a stark contrast to July’s dismal -13.5 figure. This positive uptick not only surpassed market...

Manufacturing activity fell for the eighth consecutive month in June, according to the latest Manufacturing Institute of Supply Management (ISM) Report On Business released Monday. The ISM survey revealed the manufacturing PMI gauge was 46 in June, down from 46.9 in May and falling short of...

The Past Week, In A Nutshell What Happened: Last week ended negative on weakness concentrated in heavily-weighted index constituents. Remember This: “The Fed essentially acknowledged they were a bit behind the curve with their forecast on the economy, as projections needed tweaking to reflect...

U.S. stocks were higher as the back-end of 2014 kicked off. The Dow came within less than two points of reaching the 17,000 mark as investors and traders found plenty of positives in a better-than-expected June auto sales and an expansion in U.S. manufacturing. The S&P 500 also traded at...

U.S. stocks were slightly lower as positive housing data proved to be not enough to boost the Dow's winning streak to eight days. The National Association of Realtors reported that previously-owned home sale posted strong growth in May compared to April. U.S. Secretary of State John Kerry...

On a day loaded with acquisitions, markets opened far above Friday’s close slowly sold off, but managed to close higher. Major Averages The Dow Jones Industrial Average rose 23.65 points, or 0.16 percent, to 14,833.96. The S&P 500 gained 6.8 points, or 0.42 percent, to 1,639.77. The...

Futures Higher Heading Into FOMC Decision, Second Quarter GDP U.S. equity futures rose slightly in early pre-market trade ahead of some key economic data from around the world. Also, the FOMC rate decision is due out today after the first look at second quarter GDP but there will be no press...

Spain's economy may finally be on the up-swing after years of contraction marked by a financial crisis created from a massive housing and credit bubble. However, more good news came for the Spanish economy Thursday as the government announced that the unemployment rate declined for the first time...

In the upcoming week, markets will eye key economic data points in the shortened week due to the Fourth of July holiday. To note, markets will be closed on Thursday and Wednesday is a shortened trading day for equities. Key Earnings The only notable company to report earnings next week is...

Futures Rise On Better Japan Data U.S. equity futures rose in early pre-market trade following lots of stronger than expected economic data from Japan. Better manufacturing data as well industrial production figures boosted assets pre-markets as fears that the massive stimulus will fail abated...