ISM Manufacturing Index For August At 56.3
ISM Manufacturing Index was reported at 56.3 vs. prior reading of 55.5 and consensus of 52.8. Strange. Somebody knew… Chart 1. ISM vs. Philadelphia and Empire State Manufacturing Surveys
Archive for September 1st, 2010
ISM Manufacturing Survey Preview
Till we get the actual number…. The consensus is at 52.8. Chart 1. ISM vs. Philadelphia and Empire State Manufacturing Surveys
ADP Employment Turned Negative In August Falling 10.000
(For August 2010) ADP Employment fell 10,000 in August vs. revised rise of 37,000 in July. Nonfarm payrolls on Friday will be negative, probably missing a -80.000 consensus. Chart 1. ADP Employment
Challenger Job-Cuts For August At 34,768
(For August 2010) Challenger’s count of layoff announcements was reported at 34,768 in August vs. 41,676 in July. Chart 1. Challenger Job-Cut Report
MBA Mortgage Applications Up 2.7%
(For The Week Ending August 27, 2010) MBA mortgage applications rose 2.7% , prior reading was an increase of 4.9.%. Refinance index rose 2.8%; Purchase index rose 1.8%. Only refinances, no change in purchase applications. Chart 1. MBA Mortgage Applications
China Manufacturing PMI’s Edge Up In August
(For August 2010) Official China PMI rose from 51.5 to 51.7; The HSBC/Markit PMI rose from 49.4 to 51.9. Reading bellow 50 means contraction. Equity markets cheerful on that despite absolute level flirting with contraction. Chart 1. China Federation of Logistics & Purchasing and National Bureau of Statistics PMI / HSBC Markit China Manufacturing PMI