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The United States manufacturing sector remains in deep contraction when it should be soaring. via Bloomberg pic.twitter.com/W3bL4wFEVs — Daniel Lacalle (@dlacalle_IA) August 15, 2024
Japan's Jul flash composite PMI shows return to expansion though manufacturing remains in contraction; they are so laden w/ unbelievable debt loads that any attempts to prop up their currency are crushing their economy – this is where the US …
According to the Institute for Supply Management (ISM), the manufacturing sector has indeed been experiencing a prolonged period of contraction. The ISM’s Purchasing Managers Index (PMI), which measures manufacturing activity, has shown a consistent decline, indicating that the sector has not …
In June, both the ISM Manufacturing Index and the ISM Services Index fell below 49. These indices are important indicators of economic activity in the manufacturing and services sectors, respectively. When the index value is below 50, it suggests contraction in the sector. The …
The US Leading Economic Index® (LEI) has dropped 14.7% from its peak in this economic cycle. Historically, such a decline has only occurred during recessions over the past 65 years. The index considers data from the US labor market, manufacturing …
via Mike Shedlock The Manufacturing ISM was in contraction for 16 months went positive for a month and is contracting again for two months with order backlogs falling for 20 months. ISM chart and excerpts below by permission from the …
via Mike Shedlock The ISM manufacturing index is back in contraction after a one month reprieve, but prices expand sharply. It’s a bad mix. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® The April …
By Martin Armstrong I have already criticized the March jobs report released by the Bureau of Labor and Statistics. The mainstream media is cheering the 303,000 position boost as proof that the American economy is on the right path. I noted in …
Manufacturing is dying…inflation is broadening…and the kids are trading a coin called “Joe Boeden” https://t.co/j5rTZY0CMz pic.twitter.com/V7mwSuLUc0 — Will DeCotiis (@Will_DeCotiis) March 15, 2024 The latest data from the U.S. NY Empire State Manufacturing Index paints a grim picture, with March’s …
The probe was initiated after a door panel blew off a 737 Max 9 during an Alaska Airlines flight in early January and comes amid intense scrutiny of the company’s practices FAA auditors found that out of 89 product audits …
via Mike Shedlock Economists expected ISM manufacturing to improve to a nearly flat 49.5. Instead the index fell to 47.8 from 49.1. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the February 2024 …
via naturalnews Experts have warned that a “naive” plan by U.S. President Joe Biden to allegedly boost the American renewables industry is actually a gift to China. According to the Daily Mail, the plan costing $1.2 trillion in taxpayer money was designed …
It’s insane! The Biden administration tightens regulations on fine particulate matter, risking severe economic consequences, all in the name of environmental activism. “The Biden administration finalized regulations severely tightening restrictions on fine particulate matter that the manufacturing and energy sectors …
S&P Global: composite PMI shows service sector expansion outpacing manufacturing contraction w/ business confidence rising and fastest private sector growth in 6 months, though still very low by historical standards – we’re basically coming off near-zero: S&P Global: composite PMI …
by ObiWanCanownme I’ve often felt bewildered by the below data series. https://fred.stlouisfed.org/series/MANEMP The link shows a big dropoff in manufacturing employment in 2000, which basically never reverses. If you look at manufacturing employment by state, in basically every single individual …
NEW – U.S. manufacturing performance slipped further into "contraction territory" in December as demand conditions weakened. pic.twitter.com/S18SRkzlmg — Disclose.tv (@disclosetv) January 2, 2024 US Manufacturing Sector Slump Accelerates In December: Orders Down, Prices Up US Manufacturing saw only two months …
by confoundedinterest17 The Empire (State) Strikes Out! Contraction (or economic slowdown) is hitting New York State! After three strong ‘beats’ in a row, the Empire State Manufacturing Survey crashed back into contraction, well below expectations in December (from +9.1 to -14.5, …
by confoundedinterest17 The Federal Reserve reminds me of The Stones’ song “Tumbling Dice.” Why? The Fed can’t tell if inflation is cooling or re-accelerating. Hence, they are just rolling dice. Let’s start with mortgage rates, a critical component of the housing and …
The convergence of contracting manufacturing, a downward trend in Goldman’s Capex tracker, and business inventory nearing contraction levels raises ominous parallels with past economic downturns. This alarming pattern, witnessed during the Dot Com bubble, the Financial Crisis, and the Pandemic, …
The global economic landscape is sounding alarm bells. 🌍 World manufacturing PMIs GDP weighted 47.6 Deeper in #recession territory! Chart: @PkZweifel pic.twitter.com/SycowQ6W06 — Alex Joosten (@joosteninvestor) November 8, 2023
Global manufacturing PMI dropped to 47.6 in October, the lowest since Covid and below the 50 threshold for 14 months, indicating a clear global slowdown, with the decline driven by activity components while price pressures remained steady. 1/5. October global …
GERMAN INDUSTRIAL PRODUCTION YOY SA ACTUAL -1.7% (FORECAST -0.2%, PREVIOUS 0.82%) $MACRO — FinancialJuice (@financialjuice) August 7, 2023 OUCH! German industrial woes endure as output drops to 6mth low. Industrial output plunged 1.5% in June MoM on the back of …
via Mike Shedlock: The manufacturing ISM has been a broken record for nine months. Chart and excerpts below by permission from the Institute for Supply Management ® ISM® Economic activity in the manufacturing sector contracted in June for the ninth …
Here comes the pain. The parasite party is over. Afwerki said the quiet part out loud with Putin and Lavrov at the table at the Russia-Africa Summit in St. Petersberg last week. The President of Eritrea calls out the petro-dollar …
Kansas Fed Manufacturing Index plummets to -20 in July, signaling sharp contraction in the regions mfg activity. pic.twitter.com/98y7PpgAn1 — Don Johnson (@DonMiami3) July 27, 2023 Kansas Fed Composite Index edges up to -11 in July from -12 in June, but …
Richmond Fed manufacturing index showed the sector contracting in the district for the 10th month out of the last 12. This data looks more stagflationary then a substantial recession, still. Actual -9, previous -8 pic.twitter.com/D82XqiDoRm — Don Johnson (@DonMiami3) July …
via JOHN RUBINO: Rising interest rates don’t hit everything all at once. Some sectors feel the pinch immediately while others keep chugging along, seemingly oblivious to tightening money. But eventually, the pain spreads far enough to hurt and/or scare everyone, …
Philly Fed manufacturing index below -25 has a 100% hit rate in leading to recessions since the 1970s We’ve already hit levels as deep as -31.3 this cycle pic.twitter.com/b0oZkiqicM — Bravos Research (@bravosresearch) July 20, 2023 BREAKING: Philly Fed Manufacturing …