New Launch - One Sophia For Sale!

New Launch - One Sophia For Sale!
Please click the advertisement for more information.

Search This Blog

Saturday, November 2, 2024

The ISM PMI had continued to decline in October 2024.

The prices increased to 54.8 (+6.5) because of higher employment (44.4, +0.5) and higher wages.


The producers reduced their production (46.2, -3.6) but focused on fulfilling the backlog of order (42.3, -1.8).  Consequently, this had resulted in the reduction of customers’ inventories (46.8, -3.2), inventories (42.6, -1.3) and local raw material (Est’d -1.3).


The marginal increases in new order (47.1, +1), new export order (45.5, +0.2) and new local order (Est’d +0.8) could not reverse the significant declines in other subcomponents and resulted in an overall decline of the PMI to 46.5 (-0.7).


The latest PMI showed that the US economy was still weakening despite the outstanding stock market performance.

No comments: