US - Manufacturing

[millionairemind]

May 17, 2010, 8:30 a.m. EDT · Recommend · Post:
U.S. May Empire State index slows to 19.1

STORYCOMMENTS SCREENER
AlertEmailPrintShare By Greg Robb
WASHINGTON (MarketWatch) -- Manufacturing activity in the New York region improved at a slower pace in May, the New York Federal Reserve Bank said Monday. The bank's Empire State Manufacturing index decelerated to 19.1 in May from 31.9 in April. The drop suggests the pace of growth slowed in May. New orders and shipments moved lower but remained in positive territory. The index for the number of employees rose to its highest level since 2004.The Empire State index is of interest to investors and economists primarily because it's seen as an early indicator of what the Institute for Supply Management's May national factory survey due out in two weeks may show. In April, the ISM manufacturing index showed continued good news for manufacturers, jumping to 60.4, the first time it had exceeded the 60 threshold since June 2004.

[kennynah]

big drop....

[LenaHuat]

The last posts were by K and MM on 17 May.
Prior to the last were in Jan 2010.
It's July now and manufacturing's turned s..l..o..w.....

[millionairemind]

The last posts were by K and MM on 17 May.
Prior to the last were in Jan 2010.
It's July now and manufacturing's turned s..l..o..w.....

Latest Economic Deterioration Confirmation: Philly Fed Plunges To 5.1, Consensus At 10.0, Previous At 8.0
Submitted by Tyler Durden on 07/15/2010 09:03 -0500

Some very troubling language in the release: Results from the Business Outlook Survey suggest that regional manufacturing activity continues to expand in July but has slowed over the past two months.

Surveyed firms reported a decline in new orders this month compared with June. Employment showed a slight improvement this month. The survey’s broad indicators of future activity continue to suggest that the region’s manufacturing executives expect growth in business over the next six months, but optimism has waned notably in recent months.

The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a reading of 8 in June to 5.1 in July. The index, although still positive and suggesting growth, has fallen for two consecutive months (see Chart).

Indexes for new orders and shipments also suggest a slowing this month: The new orders index fell 13 points, to its first negative reading in 12 months, and the shipments index decreased 10 points but remained positive. Indicating weakness, indexes for both delivery times and unfilled orders fell and were in negative territory this month.

The index is now back to mid-2009 levels.
http://www.zerohedge.com/article/latest ... xpectation

[LenaHuat]

IMHO US manufacturing numbers is one very critical indicator of the next secular bull run, and so I've decided to start a thread to track this.

And last nite we have this pretty good news. US manufacturing is stabilizing and steadily improving. This is great.

Meanwhile, manufacturing growth slowed slightly in November, though the sector still posted its 16th consecutive month of expansion, according to the Institute of Supply Management. The index of national factory activity slipped to 56.6 last month from 56.9 in October.

[LenaHuat]

ISM's no is now at the highest point in 7 months , driven by both domestic demand and exports.

[kennynah]

choo choo....choo choo....

chucking along nicely......

[LenaHuat]

Yes, Paul Krugman is +ve about US manufacturing. Read his article in the weekender's NYT.
http://www.huffingtonpost.com/2011/05/20/paul-krugman-us-manufactu_n_864595.html
BTW, Bob Doll wrote that he thought the end of QE2 in June will be a non-event. I share his sentiments. The US is recovering in strength (except for jobs. Soon the Americans will realize that it made the same mistake as the Europeans in opening up its borders too liberally).

[LenaHuat]

The global markets are flying off. And I don't think it is due solely to window dressing for the 2nd quarter. Biz and manufacturing activities are improving steadily. I should have piled more into the local market.

[iam802]

Thanks L.

I have acted based on your May 23 post.

It's a good run for June.