Well it’s just as likely this is happening because of who might probably win in 2024, or maybe because there might be a Rapture.
Tim
February 1, 2019, 6:53pm
43
adroit:
I felt like this deserved its own thread.
The December ISM Manufacturing Index dropped 5.2 points. This is the largest drop since Oct 2008, one of only four times it’s dropped over 5 points in a single month since 1984.
January 1984: -9.4 to 60.5%
Not good.
https://www.instituteforsupplymanagement.org/ismreport/mfgrob.cfm?SSO=1
Good news. January Manufacturing ISM rebounds to 56.6%, up from December’s 54.1%.
https://www.instituteforsupplymanagement.org/ismreport/mfgrob.cfm?SSO=1/
WASHINGTON—Growth picked up for U.S. manufacturers in January, a sign strong factory-sector demand and output overrode uncertainty surrounding the partial government shutdown in the first month of the year. The Institute for Supply Management’s manufacturing purchasing managers index rose to 56.6 in January from 54.3 in December. That surpassed economists’ expectations for a decline in the index to 54.0. Readings above 50 indicate expansion whereas readings below that level denote contraction.
Speaking of trade wars with China:
https:// China said on Thursday its manufacturing activity contracted for the second-straight month in January — another sign that the world’s second-largest economy is slowing down amid domestic headwinds and the ongoing trade dispute with the U.S.
China's official manufacturing Purchasing Managers' Index (PMI) for January was 49.5, according to the National Bureau of Statistics. That's higher than the 49.4 reported in previous month, and the 49.3 expected by analysts in a Reuters poll.
adroit
February 1, 2019, 7:17pm
44
Tim:
adroit:
I felt like this deserved its own thread.
The December ISM Manufacturing Index dropped 5.2 points. This is the largest drop since Oct 2008, one of only four times it’s dropped over 5 points in a single month since 1984.
January 1984: -9.4 to 60.5%
Not good.
https://www.instituteforsupplymanagement.org/ismreport/mfgrob.cfm?SSO=1
Good news. January Manufacturing ISM rebounds to 56.6%, up from December’s 54.1%.
https://www.instituteforsupplymanagement.org/ismreport/mfgrob.cfm?SSO=1/
WASHINGTON—Growth picked up for U.S. manufacturers in January, a sign strong factory-sector demand and output overrode uncertainty surrounding the partial government shutdown in the first month of the year. The Institute for Supply Management’s manufacturing purchasing managers index rose to 56.6 in January from 54.3 in December. That surpassed economists’ expectations for a decline in the index to 54.0. Readings above 50 indicate expansion whereas readings below that level denote contraction.
Speaking of trade wars with China:
https:// China said on Thursday its manufacturing activity contracted for the second-straight month in January — another sign that the world’s second-largest economy is slowing down amid domestic headwinds and the ongoing trade dispute with the U.S.
https://www.cnbc.com/2019/01/31/china-economy-manufacturing-january-pmi-.html/
Hopefully it’ll continue to rebound seeing as we’re at an 18-month low.
vaard
February 1, 2019, 7:26pm
45
Yeah. We are the same place we weere when trump took office amd that was considered the horrible number ever according to cons…
