12142017Thu
Last updateThu, 14 Dec 2017 8pm

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Manufacturing in U.S. Probably Slumped Into 2009 as Sales Slid

Manufacturing in the U.S. probably shrank in January at the fastest pace in 28 years following a collapse in sales that caused inventories to swell at the end of 2008, economists said before reports today.

The Institute for Supply Management’s factory index fell to 32.5 last month, the lowest level since June 1980, from 32.9 the prior month, according to the median estimate of economists surveyed by Bloomberg News.

Source: Bloomberg

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Dissecting the ISM Manufacturing Report

Last week the Institute of Supply Chain Management (ISM) released its Manufacturing report on business. It wasn't pretty, with a reading of 32.4% (see my previous article on how to interpret these index numbers), levels that haven't been seen since the mid 70's and early 80's.

So why dig into the report? Well, it only takes you 10 minutes to read it, and it reveals other bits of information that can help frame your perspective on the environment.

Source: David Tsao

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