Posted on 11/03/2015 5:16:04 AM PST by expat_panama
Manufacturing eased slightly in October, an industry report showed Monday, but its details suggested that the factory sector may be stabilizing in the face of strong headwinds.
The Institute for Supply Management's closely watched Purchasing Managers' Index fell 0.1 point to 50.1, just a tick above the neutral 50 line that separates expansion from contraction. Economists expected a 50 reading.
Details of the ISM report were mixed: The production gauge rose 1.1 percentage points to 52.9. New orders, which foreshadow future activity, rose 2.8 points to 52.9. Both were below post-recession averages.
Still, after months of mostly declining activity, they may signal that manufacturing — battered by a slump in global demand, a plunge in oil prices that sapped capital-expenditure budgets, and a much stronger dollar — has found a bottom.
Stabilization Soon?
The exports gauge also rose but...
[snip]
"Generally, disruptions cause downturns," Englund said. "When oil prices go down, we are a petro economy."
The impact for the Federal Reserve is less clear. Economists such as Englund believe that the Fed is focused on jobs above all else and that the decline in ISM's October gauge could be a red flag if not offset in other sectors.
(Excerpt) Read more at news.investors.com ...
That looks suspiciously like steady improvement.
Cat, Deere, and other large manufacturers have been laying people off. The market was flooded a few years ago with people buying large equipment, now the market is very soft.
Monsanto is laying people off, 3M is cutting back.. This isn’t good.
Spiked about 2011, but overall trend is downwards since.
Another beautiful day today and the forecast is no relief in sight! Yesterday's stock indexes saw "solid gains in lower trade" and today's futures are either ecstatic at +1.24 or going into mixed/profit taking. Whatever, at least we can tell that metals are settling back into their 3-month bases and gold/silver are now at $1,132.10/$15.37.
Reports:--
10:00 AM Factory Orders
5:00 PM Auto Sales
5:00 PM Truck Sales
--and:
- Here's why the company behind Keystone just asked for a delay Fortune - 4 hours ago Putting it on ice will forestall any move by the outgoing President to kill the pipeline project. Faced with dimming prospects for approval, the Canadian company behind the proposed Keystone XL pipeline chose to plead with the U.S.
- U.S. Production Finally Starting To Drop Significantly While the Permian basin continues to post production gains, elsewhere in the United States we are seeing a significant drop in crude production Oilprice.com
- Dr. Doom calls bubble, adding to gloomy calls The Federal Reserve has inflated an asset bubble and that's going to damp market returns, perma-bear Marc Faber, publisher of The Gloom, Boom & Doom Report, told CNBC Tuesday. CNBC
- Cashin says: THIS will weigh on stocks CNBC's Bob Pisani and Art Cashin, of UBS, discuss Chinese manufacturer numbers and the current market conditions. CNBC Video
- Here’s Why So Many Retirees Are Still Working It’s essentially a non-story that Donald Trump, at age 70 in January 2017, would become the oldest first-term president ever sworn in. At age 69 at the time of her potential inauguration, Hillary Clinton would be just eight months younger than the current record holder, Ronald Reagan. After all,… The Fiscal Times
That patient is having a heart attack.
Trump has been pounding on this almost from day 1, and gives the reasons.
The reason boils down to this; They send viciously smart people to negotiate with the children we send to the table.
It's like taking candy from a baby.
“...may turn a corner...”
Yes, the minute Obama is out of office.
Yeah, sure it's great for rich traitor corporate businesses that want to import all those foreign jobs w/o paying heavy punitive taxes on them.
If I understand correctly, that's actually what a lot of folks are thinking. The Keystone project seems to be on hold with the hope that putting it "on ice will forestall any move by the outgoing President to kill the pipeline project."
I have sat in a few of those negotiations.
The best was with a former Spanish boss and a major equipment manufacturer. He said “Red, sit down and I will teach you how to negotiate”.
We were looking at buying 30 high speed decanters. I had worked out what I thought was a good price with the engineer. My boss listened to the speech, got up and pulled over the screen showing the price he would pay, which was 15% less than what I had worked on. He then sat down and pulled out the contract and said “Sign this, or I tell Red to go talk to the competitor”.
They signed, and we got the machines. The VP of the other company laughed all night about it. Said that Americans don’t know the art of the deal, because we have been made “Sissy’s by your Mommies”.
Your simple, real life example shows how quickly, how easily, things can be turned around.
Thanks for that.
Mean while, Caterpillar inc. is laying off workers with the goal of eliminating 10,000 jobs by 2018. Sales are down both domestic and international.
Caterpillar Inc. to eliminate 10,000 jobs by 2018.
I thought Roubini was Dr. Doom...
Dr. Doom’ Nouriel Roubini: Europe’s Politics of Dystopia
Is there any setting or other thing I can do to get rid of these weird characters?
I am guessing it is a FR problem because it is happening on my win 7 work pc, my win 10 home unit and on Android phone.
Which corner? The up or the down? Wake-up. The economy stinks.
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