Manufacturing ISM® Report On Business Indicates Manufacturing PMI at 46% a 8 Month Decline

The Manufacturing news is not positive for the moment. Come on peeps we got to do better than that! The report shows that manufacturing is declining. Other reports seem to say that investment in manufacturing is rising. So we have a decline in actual manufacturing but might have increased investments. What we might wonder is what the market might look 6 months from now?

I don't watch this stuff all day and I didn't go into the details of the report to really do some comparison (I got a house to clean and Beach Bumming to do!). Yet one report says we have an anomaly increase in manufacturing investment and the other says we have a decline in production. Other reports seem to indicate a trend of decline. What would be interesting is if it started to bump up. 

We could also consider its a precursor to a recession but that isn't for certain either. Wonky numbers I think! Let us wait and see what happens. 

Wait for it, wait for it...just kidding. No idea. 

Manufacturing PMI® at 46%; June 2023 Manufacturing ISM® Report On Business

They have a lot of depth but this seems to summarize "New Orders, Production, Employment and Backlogs Contracting; Supplier Deliveries Faster; Raw Materials Inventories Contracting; Customers' Inventories Too Low; Prices Decreasing; Exports and Imports Contracting"

other articles:

S&P Global Flash US Composite PMI: US economic upturn slows in June as dependence on services grows (June 23, 2023)


Global Manufacturing Declines in May

U.S. Treasury Department Says Investments in U.S. Manufacturing is Market Anomaly (Digital Platform Shift?)