Commodity Market Report
Hubbard Hall’s Commodity Corner
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Old Commodity Corner Reports:
The Institute for Supply Management reported that economic activity in the manufacturing sector expanded in March for the 94th consecutive month . The index hit 57.2, a decrease of 0.5 percentage point from the February reading of 57.7 percent, the group said.
The Bureau of Labor Statistics announced that total Non-farm businesses added 298,000 jobs in February, significantly above the 189,000 forecast, making this the 3rd best month of gains since 2008. The gains were led by a huge 66,000 increase in construction, the most in 11 years, and 32,000 manufacturing jobs.
The Institute for Supply Management reported that the economy lost 4,000 manufacturing jobs between October and November, making this the fifth straight month of manufacturing job losses.
The Institute for Supply Management on Tuesday said its purchasing manufacturers’ index rose to 51.9 in October from 51.5 in September. A reading above 50 indicates that factory activity is growing, while a reading under 50 signals contraction.
Economic activity in the manufacturing sector expanded in September following one month of contraction in August, and the overall economy grew for the 88th consecutive month. The ISM’s manufacturing PMI index for September registered 51.5 percent, an increase of 2.1 percentage points from the August reading of 49.4 percent.
The Bureau of Labor Statistics announced that total Nonfarm payrolls increased by 155,000 new jobs in August. The total compares with an average monthly gain of 204,000 over the last 12 months, while over the last three months, the average job gain has been 232,000 per month. The headline unemployment rate remained at 4.9 percent, compared to 5.1 percent one year ago.
The Institute of Supply Management's manufacturing PMI index for July registered at 52.6 percent, a decrease of 0.6 percentage point from the June reading of 53.2 percent. The New Orders Index registered 56.9 percent, a decrease of 0.1 percentage point from the June reading of 57 percent.
The Institute of Supply Management's manufacturing PMI index unchanged at 51.3 in June, while analysts had expected an increase to 51.9. The survey has seen manufacturing struggling in the face of reduced capital spending in the energy sector, sluggish global economic growth and rising political worries.
The Institute of Supply Management's manufacturing PMI index was 51.3, beating the expectation for a slump to 50.3.According to ISM, new orders and production continued to rise, but at a slower pace. Manufacturing employment shrank again at an unchanged pace, while the drop in inventories picked up speed.
The Institute for Supply Management reported that its gauge of manufacturing activity rose to 51.8 in March from 49.5 in February. A reading above 50 indicates that sector activity—reflecting factors such as customers’ orders and factory production—is rising.
The Institute for Supply Management said its manufacturing index rose to 49.5% last month from 48.2% in January. The index has been below the 50% mark for five straight months, the first time that’s happened since 2009. Manufacturers have been dinged by a strong dollar, weak exports and fewer orders from a U.S. energy industry struggling with cheap oil prices.
Manufacturing: The Institute for Supply Management said its non-manufacturing index fell to 53.5% from 55.8% in December. Economists polled by MarketWatch had forecast a 55.2% reading. Any number over 50% indicates more businesses are expanding instead of contracting, but the ISM service index has dropped three straight months and is at the lowest level since February 2014.
The Institute for Supply Management said its manufacturing index slipped to 48.2% last month from 48.6% in November. That’s the lowest reading since the last month of the Great Recession. Manufacturers have been hurt by a strong dollar, declining exports and shriveling demand by energy producers for drilling equipment in the wake of the plunge in oil prices.
Commodity Trends for December: The Commerce Department said orders for durable goods were nearly unchanged in November after a 2.9 percent increase in October. Factory orders for long-lasting goods such as autos, airplanes and electronics were flat in November, as the impact of a strong dollar and struggling global economy weigh on U.S. manufacturers.....
The Institute for Supply Management’s nonmanufacturing purchasing-managers index rose to 59.1 in October from 56.9 in September, a three-month high. The data provides a barometer for the nation’s restaurants, builders, bankers and other service providers. Consumer spending is the primary driver of the economic expansion in the U.S., and two-thirds of those outlays are on services. The service sector has expanded for 69 straight months.
The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 142,000 in September, and the unemployment rate was unchanged at 5.1 percent.
Autodata Corp. reported that the U.S. auto industry began the second half of the year with a jolt that totaled more than 1.5 million vehicles sold in July, a 5.3 percent increase from the previous year.
The Institute for Supply Management said that the May PMI registered 52.8 percent, an increase of 1.3percentage points over the April reading of 51.5 percent, indicating growth in manufacturing for the 29th
The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 233,000 jobs in April.
The U.S. Bureau of Labor Statistics reported that total non-farm payroll employment increased by 297,000 jobs in February. Job gains occurred in food services, professional services, construction, and in transportation and warehousing.
The Institute for Supply Management on Friday said its purchasing managers’ index fell from 55.5 to 53.5 in January. US manufacturing growth slowed for the third straight month in January, hampered by
lower commodity prices and the West Coast dock slowdown.
The U.S. Bureau of Labor Statistics reported that total non-farm payroll employment increased by 252,000 jobs in December, beating the 240,000 that economists were predicting. The unemployment rate fell from 5.8% to 5.6%, the lowest since June 2008.
The Institute for Supply Management reported Friday that the ISM index fell to 56.6 from 59 in August. That makes September's level as the index's third best reading this year. A reading above 50 indicates manufacturing is expanding and September marked the 64th consecutive month of growth, according to the ISM.
The Commerce Department said that retail purchases increased by 0.6 percent in August. This was the largest increase in four months , and followed a 0.3 percent rise in July.
The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 288,000 jobs in June, significantly more than the 215,000 economists were anticipating.
May U.S. auto sales ran at an annual rate of just over 16.8 million vehicles, the fastest since February 2007, according to Autodata Corp. This surpassed analysts' expectations of 16.1 million vehicles.
The Institute for Supply Management (ISM) said its manufacturing index rose to 54.9% last month from 53.7% in March, marking the highest level since December 2013.
The Institute for Supply Management (ISM) said its manufacturing index rose to 53.7% from 53.2% in February.
The latest Department of Commerce report indicates new orders for manufactured goods fell 0.7 percent in first month of the year. However, a separate report by the closely watched Institute for Supply Management indicated that manufacturing may be recovering and accelerating again.
Manufacturing expanded in January as the PMI (Purchasing Managers Index) registered 51.3 percent.
The U.S. Bureau of Labor Statistics found that 74,000 jobs were added to the economy in December. This is well below the 238,000 jobs that .......
The U.S. Bureau of Labor Statistics reported today that the total nonfarm payroll employment increased by 203,000 in November.
U.S. Manufacturing activity in September expanded at the fastest rate since April 2011...
Manufacturers wrote more orders in August, supporting the idea that the factory sector is back in expansion mode this quarter.