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December Manufacturing ISM Revised Lower, From Beat To Miss

Tyler Durden's picture




 

On January 2, the Institute for Supply Management announced the December Manufacturing ISM print: at 57.0, it was a beat of expectations of 56.8, and resulted in an expected boost to markets. Moments ago, the 57.0 print was quietly revised to 56.5. Which means the beat of consensus expectations quietly became a miss. But please don't say anything, because all that pro-cyclical, bullish media spin that was fabulated on the basis of a data point which subsequently was revised to a disappointment, would have to be revised...

Some other revisions :

  • ISM U.S. MANUFACTURING INDEX FOR DECEMBER REVISED TO 56.5 FROM 57.0 PREVIOUSLY
  • ISM U.S. MANUFACTURING NEW ORDERS INDEX FOR DECEMBER REVISED TO 64.4 FROM 64.2 PREVIOUSLY
  • ISM U.S. MANUFACTURING EMPLOYMENT INDEX FOR DECEMBER REVISED TO 55.8 FROM 56.9 PREVIOUSLY
  • ISM U.S. NON-MANUFACTURING NEW ORDERS INDEX REVISED TO 50.4 IN DEC FROM 49.4 PREVIOUSLY

And now back to watching Bernanke about to announce another $10 billion of tapering and how it will be beneficial for the Emerging Markets.

From beat to biggest miss in 7 months...

 

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Wed, 01/29/2014 - 11:18 | 4379665 fonzannoon
fonzannoon's picture

I'm going with no 10 bil taper, Happiness.

Wed, 01/29/2014 - 11:19 | 4379669 gafgroocK
gafgroocK's picture

 

 

I'm in

Wed, 01/29/2014 - 11:22 | 4379683 camaro68ss
camaro68ss's picture

Im sure going to miss that POS “the Bernanke” dunce hat wearing MF’er bag of d*cks

Wed, 01/29/2014 - 11:28 | 4379701 kaiserhoff
kaiserhoff's picture

It must have beeen the weathuh!

Mostly On Topic:  I've been hearing for a couple of years that cars and trucks with dramaticly better milage are in the works.  Anyone know how that role out it going?  It can't be good news for the current inventory stuffing.  Who is gonna want the old shit?

Wed, 01/29/2014 - 11:23 | 4379688 zaphod42
zaphod42's picture

Yeah, but they're gonna taper the taper.  It will be 5 Bil.

What fun!

Craig

Wed, 01/29/2014 - 12:43 | 4380113 The Vineyard
The Vineyard's picture

Good citizens of Metropolis!  I have important news.  Manufacturing in America has officially shit the bed.  Feel free to go about your daily business. 

Wed, 01/29/2014 - 11:19 | 4379670 XAU XAG
XAU XAG's picture

 

 

False figures!

 

Never

 

You would think in this day and age with Computers they could get things right.

We need to go back the the quill pen!

Wed, 01/29/2014 - 11:19 | 4379671 B2u
B2u's picture

"Lies, damned lies, and statistics"

Wed, 01/29/2014 - 11:19 | 4379673 r101958
r101958's picture

That is so this months ISM looks great at 56.7.

Wed, 01/29/2014 - 11:20 | 4379678 Oldballplayer
Oldballplayer's picture

I don't know how they NOT go ahead with the taper.

Let Yellin pull the plug next time. Of course the markets will be a smoldering, steaming, pile of crap next time.

Wed, 01/29/2014 - 11:22 | 4379681 Cognitive Dissonance
Cognitive Dissonance's picture

Isn't it strange that 'suddenly' the public news is (allowed to be) bad?

Wed, 01/29/2014 - 11:24 | 4379685 Temporalist
Temporalist's picture

It's not "news" it's a revision.  People don't pay attention to revisions that is why they aren't news (unless it's a "revised" bad call in a football game of course).

Wed, 01/29/2014 - 11:32 | 4379702 Grande Tetons
Grande Tetons's picture

The public needs help. The kind of help only the government can provide. 

More free shit from Obama...and....lest we forget...promise zones. 

 

Wed, 01/29/2014 - 11:29 | 4379714 disabledvet
disabledvet's picture

again "it's ludicrous to speak in terms of risk" here.

The Dollar has never been stronger...those treasuries aren't rallying...they're compressing.

This is all about moving Heavy Metal now.
Unemployment I think is going to fall dramatically in the USA.

I still don't see a lot of growth...1-2 percent.
Over time however as this collapse in the EM "tranformers" into something far more nasty...I think you'll see some resource nationalism finally appear in the USA and largesse put on the table.

No i'm not talking about an increase in the minimum wage....although paying Federal Contractors ten bucks an hour actually did seem like a good idea.

Congress should sign off on that one without even blinking.

Wed, 01/29/2014 - 11:32 | 4379730 kaiserhoff
kaiserhoff's picture

Yaz, but never a word about Obama's constant scandals.

I was never a fan of the Clintons, but it's fascinating to see the way the New Yawk media fawns over that clown, but occasionally ravishes the Clintons.   Strange marching orders, and always carried out with complete precision.

Wed, 01/29/2014 - 11:22 | 4379682 zaphod42
zaphod42's picture

Ya gotta love it!  I told my grandkids that the SOTU would consist of the Pres. saying, "Lie, lie, lie... bigger lie."  To which the R's would have counter lies, and the Tea Baggers a few more with some distortions. 

I was NOT disappointed. 

Joined the Skeptic's Society the other day.  It just felt "right."

Craig

Wed, 01/29/2014 - 11:28 | 4379700 Super Broccoli
Super Broccoli's picture

All is well ! ok i lied

But this time all is well ! Hum lied again, you got me there but look : this month all is well for real, i swear !

Wed, 01/29/2014 - 11:40 | 4379724 Sudden Debt
Sudden Debt's picture

Let me explain how Obama would explain this:

 

"WE CAN'T EXPECT TO SEE GROWTH RISE IN A PERFECT STRAIGHT LINE!"

"COME ON"

"I... I... I...

"THESE NUMBERS SHOW US"

....

"THESE NUMBERS SHOW US THAT WE'RE IN A SUSTAINED RECOVER"

"AND THE WAY WE SEE THIS IS BECAUSE THESE GRAPH THOSE FINANCIAL GUYS SHOW US... HAVE PAUSES"

"AS MICHEL... THE WOMAN I LOVE... THE KEYSTONE OF OUR FAMILY... THE LIGHT IN MY HOUSEHOLD... AS SHE WOULD SAY... "OBAMA... DON'T DO EVERYTHING AT ONCE... TAKE A PAUSE..."

"I... I... I...

"PAUSES... I LOVE THEM...."

"I'M GOING GOLFING...."

"SEE YA'LL IN 4 WEEKS!!"

"MAY ALLAH PRAISE AMERICA!!"

Wed, 01/29/2014 - 11:43 | 4379815 kaiserhoff
kaiserhoff's picture

Great stuff.

Too much truthiness breeds black helicopters, SD.

Wed, 01/29/2014 - 11:34 | 4379739 papaswamp
papaswamp's picture

Huge drop in distillates inventory this week following a big drop last week. Could signal a rapid slowdown in manufacturing.

Wed, 01/29/2014 - 11:37 | 4379764 Sudden Debt
Sudden Debt's picture

manufactering in what? IT'S ALL GONE!!

Wed, 01/29/2014 - 11:35 | 4379749 Yancey Ward
Yancey Ward's picture

Obviously, once the National Weather Service finalized the temperature readings for December and revealed that it was the coldest month since last March, it is perfectly understandable that the ISM was a miss, and even more surprising it didn't miss more.  Bullish!!

Wed, 01/29/2014 - 11:37 | 4379765 Colonel Klink
Colonel Klink's picture

Lies, lies, and more lies, and that's just the media!

Wed, 01/29/2014 - 11:37 | 4379766 Yen Cross
Yen Cross's picture

     I'm sure Joe La(douche)vorgna is working on an explaination for everyone...

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