ISM Manufacturing and ISM Services PMI Combined 🪢 This week the ISM PMI's were released as follows: 🚨ISM Manufacturing PMI = 47.2 (contractionary) ✅ISM Services PMI = 51.5 (expansionary) With both metrics offering mixed signals, I decided to make a chart that combines the ISM Manufacturing and ISM Services PMI into one dataset on the chart. Interestingly it...
ISM Manufacturing PMI (released today). Rep: 47.2 🚨Below Expectations & contractionary🚨 Exp: 47.5 Prev: 46.8 Anything below 50 is considered contractionary. ISM Services PMI ISM Services PMI is released this Thursday 5th Sept 2024. ISM Services is currently expansionary at 51.4. Lets see what Thursday brings.
Macro Monday 34 S&P PMI Composite Flash This S&P PMI “Flash” Composite is a very useful and relatively new data set made available since Nov 2013 that is particularly useful at providing an advance indication of the ISM Purchasing Managers Index (ISM PMI Index) which is released a week later. We are aware from prior Macro Mondays that the ISM PMI index is...
Macro Monday 13 ISM Purchasing Managers Index The ISM Purchasers Managers Index (PMI) measures month over month change in economic activity within the manufacturing sector. The PMI is a survey-based indicator that is compiled and released each month by the Institute for Supply Management (ISM). The survey is sent to senior executives at more than 400...
Macro Monday (6) United States ISM Manufacturing New Order Index - ECONOMICS:USMNO This week I have honed in on the Institute of Supply Management Manufacturing New Orders Index (ISM New Orders Index) as it is the largest component of the headline Purchaser Managers Index(PMI) making up 30% of that index. I also make the case below for how it can act as...
US ISM Non-Manufacturing Index (ISM Services) Next Release: 5th December 2023 (released on third business day of each month) The U.S. Institute for Supply Management (ISM) Non-Manufacturing Index (“ISM Services”) encompasses a wide range of services across various industries. The index is designed to measure the economic activity and health of the services...
ISM New Orders Vs Michigan Consumer Sentiment index ISM New orders provide an indication of current consumer demand. Utilising a chart of New Orders readings we can attempt to understand the trend of consumer demand forward. ISM New Orders could be considered an additional gauge of consumer sentiment because if businesses are reporting increases in orders month...
The ISM manufacturing index or purchasing managers' index is considered a key indicator of the state of the U.S. economy. It indicates the level of demand for products by measuring the amount of ordering activity at the nation's factories. The PMI number, which is announced on the first business day of each month, can greatly influence investor and business...
What a crazy time we are in. 5 months ago, all was gloom and doom. Last month, almost every asset class was up except USD. SP500 has been above 3200 for one month and Nasdaq has been hitting ATH for 3 straight months. How do you explain this market irrationality? One possible reason is that pension, endowment funds and investors are forced to invest in...