US ISM Index 62.8 in Nov vs 57.0 in Oct

Biz.Yahoo/Reuters ^ | December 1, 2003

[Starwind]

US ISM Index 62.8 in Nov vs 57.0 in Oct
Monday December 1, 10:06 am ET

 NEW YORK, Dec 1 (Reuters) - The Institute for Supply
Management, formerly the National Association of Purchasing
Management, on Monday reported its monthly indexes of
manufacturing activity for November.
 A listing of the main ISM components follows:
.               Nov   Oct   Sept   August July  June   May
PMI            62.8  57.0  53.7   54.7   51.8  49.8   49.4
New Orders     73.7  64.3  60.4   59.6   56.6  52.2   51.9
Production     68.3  62.6  57.3   61.6   53.3  52.9   51.5
Employment     51.0  47.7  45.7   45.9   46.1  46.2   43.0
Supplier Delvs 56.0  53.9  52.4   53.3   51.1  50.0   51.3
Inventories    50.0  44.5  42.7   42.5   45.9  41.3   46.1
Prices         64.0  58.5  56.0   53.0   53.0  56.5   51.5
Backlog Ords   59.0  53.5  52.5   51.5   51.0  50.0   51.0
Export Orders  57.9  59.6  52.9   55.3   53.8  54.4   50.8
Imports        62.4  57.3  60.7   55.1   56.0  56.4   52.2
 FORECAST:
 A Reuters survey of economists on average expected a median
reading of 58.0 in November versus a October reading of 57.0.
 THE SURVEY: The Manufacturing ISM Report On Business is
based on data provided monthly by purchasing executives at over
350 industrial companies. It reflects changes in the current
month compared with the previous month. Responses are raw data.
 FULL TEXT:
 http://www.ism.ws/

[Starwind]

The full ISM report is at November Manufacturing ISM Report On Business

[Starwind]

Fyi...

[RightWhale]

Thanks for the source. I was wondering what the manufacturing industry specifically consisted of. In the report they say:

"Sixteen industries report increases for the month of November:
Instruments & Photographic Equipment;
Glass, Stone, & Aggregate;
Primary Metals;
Electronic Components & Equipment;
Industrial & Commercial Equipment & Computers;
Textiles;
Rubber & Plastic Products;
Wood & Wood Products;
Fabricated Metals;
Transportation & Equipment;
Furniture; Printing & Publishing;
Food;
Miscellaneous*;
Chemicals;
and Paper."

[Starwind]

Thanks for the source.

You're welcome. The source data should be studied - not just headlines - that's why I link them.

Most informative is to look at which industries contributed or detracted from each stat in this report. Read the paragraph that follows each table and look at what grew/shrank. Then look at patterns - which industries are listed most often and first in order versus which industries not at all.

It gives you an idea of how balanced the activity is and hints at the underlying drivers.

[RightWhale]

Even International Paper at a P/E of close to 150 jumped substantially today. Well, good news coupled with December, it shouldn't have been a surprise. I was thinking this just last week when I put a few spare sheckels into the stock markets.