Economic Reports 07/02/07
Summary: ISM showing a slight rebound in new orders & production with employment lagging.
ISM Index Jun 56.9 vs prior 55.0 Full Report
Inside the number: new orders up 60.3 vs 59.6; production up 62.9 vs 58.3; employment down 51.1 vs 51.9; backlogs up 53.5 vs 52.5.
Inventories down 45.3 vs 46.1; prices down 68 vs 71; supplier deliveries faster 49.7 vs 50.3 snapping a 47 month slowing trend.
5 industries still reporting slower supplier deliveries in June are: Paper Products; Miscellaneous Manufacturing; Fabricated Metal Products; Chemical Products; and Primary Metals.
Comments: "Busy now but still down approximately 13% from this time last year." (Fabricated Metal Products).
"Petroleum-based material prices have begun to escalate at a faster pace." (Paper Products)
ISM Index Jun 56.9 vs prior 55.0 Full Report
Inside the number: new orders up 60.3 vs 59.6; production up 62.9 vs 58.3; employment down 51.1 vs 51.9; backlogs up 53.5 vs 52.5.
Inventories down 45.3 vs 46.1; prices down 68 vs 71; supplier deliveries faster 49.7 vs 50.3 snapping a 47 month slowing trend.
5 industries still reporting slower supplier deliveries in June are: Paper Products; Miscellaneous Manufacturing; Fabricated Metal Products; Chemical Products; and Primary Metals.
Comments: "Busy now but still down approximately 13% from this time last year." (Fabricated Metal Products).
"Petroleum-based material prices have begun to escalate at a faster pace." (Paper Products)
Comments