U.S. Manufacturing and Non-Manufacturing Activity
Chart of the Week for November 13, 2015 - November 19, 2015
The Institute for Supply Management ("ISM") produces two indexes on a monthly basis that are widely followed U.S. economic indicators. The ISM Manufacturing Index is based on surveys of more than 300 manufacturing firms and monitors employment, production inventories, new orders and supplier deliveries. The ISM Non-Manufacturing Index is based on surveys of more than 400 non-manufacturing firms' purchasing and supply executives.
The chart above illustrates the general divergence of the two indexes over the past twelve months. In October 2014, the Manufacturing Index was higher than the Non-Manufacturing Index, and has generally declined since then. The October 2015 report for the Manufacturing Index was 50.1, only slightly above the expansionary economic reading of 50. Weaker global economies, the stronger U.S. dollar, and the fall in oil prices have all contributed to the falling manufacturing sector. The Non-Manufacturing Index has generally remained between readings of 55 and 60, with a high of 60.3 in July 2015, as new order and business activities remained strong.
Posted by: sarah_oz@yahoo.com
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