Economy

ISM US Manufacturing PMI Accelerates in September

ISM US Manufacturing PMI Accelerates in September”

Workers assemble built-in appliances at the Whirlpool manufacturing plant in Cleveland, Tennessee August 21, 2013.

Institute For Supply Management or ISM Manufacturing Index for September will be revealed at 10.00 am ET.

The key is to pay close attention to the Employment component, if we see a strong increase compared to the prior reading and its above 50, then the market should react positively to the United States dollars.

The employment index ticked up to from 59.9 a month earlier, against forecasts for a reading of 58.0.

Growth was driven by new orders, the index for which jumped to 64.6 from 60.3 in August.

The supplier deliveries index also surged up to 64.4 in September from 57.1 in August, while the inventories index dropped to 52.5 from 55.5.

On the inflation front, the prices index spiked to 71.5 in September from 62.0 in August, indicating a notable acceleration in the pace of price growth. That suggests higher raw materials prices for the 19th consecutive month. Anything above 50 signals that manufacturers are growing, and the ISM survey shows they've been on a 13-month winning streak.

Meanwhile, the S&P 500 Futures traded 0.9 percent lower at 2,518.25 by 13:20GMT, while at 13:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 70.24 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend).



Like this

Latest


02 October 2017
Nioh PC Release Date Announced, Will Support 4K
This helmet features a red-lacquered front crest of an ancient Buddhist symbol depicting the eightfold path to nirvana. The Wheel of Dharma kabuto is a form of "kawari-kabuto"-a family of helmets featuring fantastical designs".

02 October 2017
Rhumbline Advisers Sells 35626 Shares of Caterpillar, Inc. (NYSE:CAT)
Caterpillar, Inc . has a 12 month low of $80.33 and a 12 month high of $125.55. 18,383,507 shares of the stock traded hands. Caterpillar had a negative net margin of 0.17% and a positive return on equity of 13.44%. (NYSE: CAT ) or 1,431 shares.

02 October 2017
Russian Federation says IS cell members detained, terror plots foiled
The intelligence agency said the men were from Russia's majority-Muslim North Caucasus, and reported to IS members based overseas .

02 October 2017
Dalit man beaten to death for attending Garba in Gujarat
The accused made casteist remarks and asked some men to come to the spot, said an officer at the Bhadran police station. Thereafter, the Patel men allegedly beat up the Dalits, banging Solanki's head against a wall.

02 October 2017
Las Vegas shooter linked to Islamic State
Las Vegas Sheriff Joseph Lombardo said officers found "in excess of 10 rifles" after entering the hotel room. The gunman has been identified by various media outlets as Stephen Paddock , citing police sources.

02 October 2017
Police Search For Man Who Tried To Abduct Woman In Pilsen
Sunday, a 62-year-old woman reported that a man tried to force her into a beige sedan in the 200 block of West 19th street. His auto was a newer model tan or beige four-door sedan, and it's possible the license plate's last four digits were 7110.

02 October 2017
OJ Simpson released from prison after serving nine years
He said that when he last spoke with Simpson , he was still at Lovelock Correctional Center in northern Nevada . Nor has the state of California, where Simpson's sister, Shirley Baker, and oldest daughter, Arnelle, live.

02 October 2017
Traffic alert: Avoid Holland Tunnel all week due to ramp fire repairs
New Jersey Transit has added capacity to some bus routes and the Hudson-Bergen Light Rail. Port Authority Police were out late Sunday night, doing their best to ease the pain.

02 October 2017
Google Assistant is officially coming to Chromebooks
The Assistant app list reveals Google Home is one of the compatible devices with Google Home through Chromebooks. We're surely going to see announcements regarding the Google Assistant support on Chrome.

02 October 2017
Baahubali trio Prabhas, Anushka, Rana party together, Raveena Tandon joins them
Directed by SS Rajamouli , Baahubali: The Beginning ended with Katappa revealing himself as the murderer of Amarendra Baahubali. Superstar Aamir Khan's Dangal had a fantastic response in China, where the film collected over Rs 1000 crore.



Recommended