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Milwaukee ISM Bounce Dies As Employment, New Orders Plunge
For the 10th month in the last 12, Milwaukee's ISM missed expectations. After bouncing hopefully off 6-year lows in October, November saw weakness return with a plunge in New Orders and weakness in employment (even as exports supposedly soared). This is the 8th straight month of contraction (sub-50) in the survey.
PMI 45.34 46.66 -1.3 declining
- New Orders 39.60 46.67 -7.1 declining
- Production 47.14 48.87 -1.7 declining
- Employment 48.16 51.44 -3.3 declining
- Supplier Deliveries 48.92 46.66 2.3 faster
- Inventories 42.86 41.39 1.5 declining
- Customers' Inv (NSA) 50.00 53.57 -3.6 growing
- Prices (NSA) 21.43 23.33 -1.9 declining
- Backlog (NSA) 39.29 40.00 -0.7 declining
- Exports (NSA) 50.00 33.33 16.7 growing
- Imports (NSA) 50.00 50.00 0.0 growing
Time to hike rates?
Ignore it - who needs manufacturing anyway?
Charts: Bloomberg
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Futures indicate this and algos has been priced in....move along folks, hot gov't coffee is that way.
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Pffft..who needs manufacturing? It's Milwaukee....we have enough fat chicks to supply the whole country
Fuck the FED and Obama they have destroyed main street and the middle class.
Get your finger off that sell button! Security! SECURITY!!! Escort that man out of this casino immediately!
How many ISMs are there ? Seems as bad as republican presidential polls.
turn those machines back on! [/mortimer]
Eight months of contration? Pffffttt, the administration can spin this into the greatest frowth story ever told.
Here we go again with the recession/depression that shall not speak it's name.
Why is it so hard to believe we are in a continuing recession?
It would be so much harder to list the reasons why we think the economy is gaining speed.
American Society is Service economy. Just need more football and Cheerleaders to carry this thru . No need to work just sit around and jack off with the bitchess in town .
The SEC is busy these days reviewing new porn sites.
Supplier Deliveries are faster because they have less to do . The FED thinks they can print us past the present world wide recession that we are already in and just pass it by.
New taxpayer funded Bucks stadium providing some rust lift. Kraft left Wisconsin for Land of the Obozer is the latest exemplar.