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US Manufacturing PMI Jumps; New Orders & Employment Flat
The headline Market PMI data beat expectations and jumped to 3-month highs with the production output sub-index at its highest since Feb 2011. However, this exuberant production sees no change in employment and a drop in new orders. Perhaps even more worrisome is the margin crushing concerns of a soaring input price index and dropping output price index. Of course, economists note that "this is not simply a weather-related rebound. Companies are reporting that their customers and feeling more confident, restocking, expanding and investing," in all but jobs and new orders... it seems.
Output at Feb 2011 highs...
But under the surface things are not quite as rosy...
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I call bullshit.
If they handed the PMI calculation to a grade schooler, we'd be in the 40s or 30s.
Taper on Garth!
Looks like it took all the way to mid 2009 for them to figure out how to rig and fake this number. Lies! Damns Lies! Government Statistics!
Way!
another day, another manipulated index to bring joy to a stawk buyer's heart
this is the stuff recoveries are made of
Baffle with BS.
The number is up because they were able to post the order for 10 new Navy attack subs for nearly 18 billion. Without that order we would have seen negative numbers on the PMI for orders.
http://www.defensenews.com/article/20140428/DEFREG02/304280024/US-Navy-Orders-10-New-Subs-Record-17-6B
Must be a high demand for empty warehouse space.
Apparently LSD is making a big comeback in certain area's of calculation.
More KY jelly and condoms!