The ISM released its manufacturing report on business on Monday. Their index continued to show healthy growth in the sector. Perhaps even more encouraging is the employment growth measured in the report. It now registers an increase in jobs for 8 straight months and now at an accelerated pace.
Manufacturing continued to grow in . . . → Read More: U.S. Manufacturing Grows 12 Months Straight; Jobs Up in Sector 8 Months in a Row
At 8:30 AM EDT, the Employment Cost Index for the first quarter of 2010 will be announced. The consensus is an increase of 0.4%, which would be a decline of 0.1% compared to the last quarter of 2009.
Also at 8:30 AM EDT, the advance GDP report for the first quarter of 2010 will . . . → Read More: Economic Events on April 30, 2010
At 8:15 AM EDT, the ADP Employment Report will be released. Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.
At 9:45 AM EDT, the Chicago PMI Index for March will be announced. The consensus index value is . . . → Read More: Economic Events on March 31, 2010
Global factory activity continues to accelerate. According to business managers worldwide, manufacturing vivification is now at the highest rate in nearly four years and new orders growth is now at a rate not seen in more that five and a half years.
The global PMI index is produced by JP Morgan with input from . . . → Read More: Purchasing Managers Worldwide: Manufacturing Blossoming
We’ve continued to point to the ISM Manufacturing Index as a superb indicator of what is occuring in the overall US economy. In addition to reporting the manufacturing sector conditions, the ISM’s PMI index has an impressive track record in GDP growth correlation. A PMI in excess of 41.2 percent, over a . . . → Read More: US Economic Growth Rate Now Likely Near 3.7% Annually
On Wednesday the Institute for Supply Management published its manufacturing report for June 2009. It’s overall index (PMI) bumped up for the sixth straight month and stood at 44.8%. The reading suggests, “the overall economy grew for the second consecutive month” in June.
The reading also shows the overall manufacturing sector still on track . . . → Read More: US Economy Grows for Second Consecutive Month