- U of Michigan Confidence (Released 10:00 EST)
- U of Michigan Confidence TABLE Inflation Expectations (Released 10:00 EST)
- Factory Orders YoY (Released 10:00 EST)
- Factory Orders MoM (Released 10:00 EST)
- Factory Orders TABLE 1 (Released 10:00 EST)
- Factory Orders TABLE 2 (Released 10:00 EST)
- Factory Orders TABLE 3 (Released 10:00 EST)
- ISM Manufacturing (Released 10:00 EST)
- ISM Prices Paid (Released 10:00 EST)
U of Michigan Confidence (Apr F)
| Survey | 61.9 |
| Actual | 65.1 |
| Prior | 61.9 |
| Revised | n/a |
Karim writes:
- Final April rises to 65.1 from prelim 61.9
- Inflation expectations edge down from 3.0% to 2.8% for 1yr fwd; edge up from 2.7% to 2.8% for 5yr fwd
U of Michigan Confidence TABLE Inflation Expectations (Apr F)
Factory Orders YoY (Mar)
| Survey | n/a |
| Actual | -21.6% |
| Prior | -19.7% |
| Revised | n/a |
Factory Orders MoM (Mar)
| Survey | -0.6% |
| Actual | -0.9% |
| Prior | 1.8% |
| Revised | 0.7% |
Factory Orders TABLE 1 (Mar)
Factory Orders TABLE 2 (Mar)
Factory Orders TABLE 3 (Mar)
ISM Manufacturing (Apr)
| Survey | 38.4 |
| Actual | 40.1 |
| Prior | 36.3 |
| Revised | n/a |
Karim writes:
- In line with signal provided by Chicago PMI yesterday. Improvement to a still contractionary level; orders boosted by some new found availability of cash/credit, though not all the way back (see anecdote below).
All sub-components up;16 or 17 industries still contracting.
Commodities Up in Price
Copper is the only commodity reported up in price.
Commodities Down in Price
Aluminum; Aluminum Based Products; Caustic Soda; Corrugated Containers; Fuel Surcharges; Natural Gas; Scrap Metal; Steel; and Steel Products.
Commodities in Short Supply
No commodities are reported in short supply.
- “International customers are having trouble getting cash for new orders, even though they need/want the equipment.” (Computer & Electronic Products)
- “Starting to see some signs of increased production and demand from some automotive customers.” (Fabricated Metal Products)
- “Business conditions continue to be soft, but agriculture-related products are still quite bullish.” (Machinery)
- “We are optimistic that things will change for the better in 3Q.” (Chemical Products)
- “Starting to hear of slight upticks in orders from some sectors of our business but not all.” (Electrical Equipment, Appliances & Components)
ISM Prices Paid (Apr)
| Survey | 34.0 |
| Actual | 32.0 |
| Prior | 31.0 |
| Revised | n/a |
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