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ISM® Manufacturing index Decreased to 50.3% in February

Calculated Risk

The ISM manufacturing index indicated expansion. From ISM: Manufacturing PMI at 50.3% From ISM: Manufacturing PMI at 50.3% Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee: The Manufacturing PMI registered 50.3 A Manufacturing PMI above 42.3 The PMI was at 50.3%

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Monday links: an economy on hold

Abnormal Returns

bloomberg.com) Economy The economy is on hold as everyone tries to figure it out. optimisticallie.com) Manufacturing is a laggard in this economy. (taylorlorenz.substack.com) Housing An alternative to the Case-Shiller house price numbers. bonddad.blogspot.com) Consumer inflation is pretty well anchored.

Economy 278
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ISM® Manufacturing index Declined to 49.0% in November

Calculated Risk

The ISM manufacturing index indicated contraction. Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “ The November Manufacturing PMI® registered 49 percent , 1.2 The Manufacturing PMI® figure is the lowest since May 2020, when it registered 43.5 (Posted with permission).

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US Composite PMI Suggests the Economy is On the Verge of Recession

Mish Talk

Flash US Manufacturing Output Index at 47.2 Flash US Manufacturing PMI at 47.6 Lower output was seen across both manufacturing and service sectors amid increasingly steep downturns in demand. The fall in backlogs of work was the sharpest in two-and-ahalf years, with manufacturers reporting the steeper decline in work-in-hand.

Economy 290
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Question #2 for 2024: How much will job growth slow in 2024? Or will the economy lose jobs?

Calculated Risk

2) Employment: Through November 2023, the economy added 2.6 Or will the economy lose jobs? The bad news - for job growth - is that a combination of a slowing economy, demographics and a labor market near full employment suggests fewer jobs will be added in 2024. Or will the economy lose jobs? million jobs in 2023.

Economy 298
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ISM® Manufacturing index Increased to 47.1% in April

Calculated Risk

The ISM manufacturing index indicated contraction. From ISM: Manufacturing PMI® at 47.1% From ISM: Manufacturing PMI® at 47.1% Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “ The April Manufacturing PMI® registered 47.1 The PMI® was at 47.1% in March, up from 46.3%

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Fed's Beige Book: "Economic activity increased slightly to moderately"

Calculated Risk

Manufacturing decreased slightly on net, and a number of Districts said manufacturers were stockpiling inventories in anticipation of higher tariffs. Construction employment increased slightly, while manufacturing employment was flat. Contacts in several service industries, notably healthcare, continued to see job growth.

Economics 162