Tis was a poor number. The headline dropped from -5.9 to -10.5. The more eye popping number was the Index for New Orders which dropped from 1.3 to -25.6. I hate to say it, the diffusion index for new orders has never gone below 21 without an accompanying recession; that is until 2023. This is the 4th reading in the last 13 months below 21. These regional manufacturing surveys have been relatively poor since the middle of 2022. To date, it hasn’t mattered. Its as if growth in goods consumption was so great from Q2 2020 to Q2 2022 that the current level of 3% growth in goods consumption is somehow bad? We’ll have to see how this plays out. Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the
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Douglas R. Terry, CFA considers the following as important: 5.) Alhambra Investments, economy, Featured, newsletter
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Tis was a poor number. The headline dropped from -5.9 to -10.5. The more eye popping number was the Index for New Orders which dropped from 1.3 to -25.6. I hate to say it, the diffusion index for new orders has never gone below 21 without an accompanying recession; that is until 2023. This is the 4th reading in the last 13 months below 21.
These regional manufacturing surveys have been relatively poor since the middle of 2022. To date, it hasn’t mattered.
Its as if growth in goods consumption was so great from Q2 2020 to Q2 2022 that the current level of 3% growth in goods consumption is somehow bad? We’ll have to see how this plays out.
Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the information herein constitutes an investment recommendation, investment advice or an investment outlook. The opinions and conclusions contained in this report are those of the individual expressing those opinions. This information is non-tailored, non-specific information presented without regard for individual investment preferences or risk parameters. Some investments are not suitable for all investors, all investments entail risk and there can be no assurance that any investment strategy will be successful. This information is based on sources believed to be reliable and Alhambra is not responsible for errors, inaccuracies, or omissions of information. For more information contact Alhambra Investment Partners at 1-888-777-0970 or email us at [email protected].
Tags: economy,Featured,newsletter