June 2012 ISM Shows Manufacturing Slowed For First Time Since 2009: The U.S. economy showed further signs of weakness today. U.S. manufacturing declined significantly in June 2012 to levels that indicate the economy is contracting after nearly three years of expansion. According to the Institute for Supply Management, domestic manufacturing fell from a May reading…
March 2012 ISM Manufacturing Index Rises: February Construction Spending Falls 1.1 Percent: The Institute of Supply Management (ISM) manufacturing index rose which helped push the Dow, S&P500 and NASDAQ up today. The ISM said today, its manufacturing index rose to 53.4 in March from 52.4 in February 2012. A reading above 50 suggests the economy…
The Federal Reserve’s Beige Book Released Jan. 12 Has Positive Tone: What Lies Ahead? The Federal Reserve releases survey of nationwide economic conditions. The Fed Beige book had a positive tone and the Federal Reserve survey confirms our forward looking work done last year that suggested economic indicators were on the rise in November and…
Initial Jobless Report Trend Solidified? Economic Indicators Rise Initial jobless claims increase marginally. Initial jobs claims rose slightly to 2,000 from 439,000 the Labor Department reported Today. Jobless claims have now reached 440,000 in the for most of the last month. The trend for initial jobless claims may have changed over the past few weeks…
