ISM
Karim writes:
Weak, with employment holding steady and orders and shipments lower. At odds with much of the recent hard data for other sectors and other surveys (consumer surveys, NFIB,etc).
As mentioned, manufacturing hasn’t contributed to job growth for the past 2mths.
Should receive a boost from the automakers not shutting down as usual this summer.
| May | April | |
| Index | 49.0 | 50.7 |
| New Orders | 48.8 | 52.3 |
| Production | 48.6 | 52.3 |
| Employment | 50.1 | 50.2 |
| Supplier Delvs | 48.7 | 50.9 |
| Inventories | 49.0 | 46.5 |
| Prices | 49.5 | 50.0 |
| Backlog orders | 48.0 | 53.0 |
| Exports | 51.0 | 54.0 |
| Imports | 54.5 | 55.0 |
