Tag Archives: US manufacturing data

The ISM indices signal a broad-based upturn in US economic activity and are consistent with our forecast of GDP growth of 2.5% in the third quarter. Figures released at the beginning of October revealed that the US ISM Manufacturing index rose to 51.5 in September from 49.4 in August, above consensus expectations (50.4). The ISM Non-Manufacturing ISM index posted its largest month over month increase on record, rising to a solid 57.1 in September from 51.4 in August.Forward-looking...

Macroview The ISM manufacturing and nonmanufacturing surveys for August declined sharply. But these surveys are not necessarily a good predictor of economic growth The ISM Manufacturing index in the US fell heavily in August. The 49.4 reading was well below consensus expectations (52.0) and its lowest level since January 2016. The Non-Manufacturing index painted a similar picture, recording its worst monthly fall since the recession of 2008-2009. It dropped from 55.5 in July to 51.4 in...