Posted on 05/03/2022 9:05:46 AM PDT by blam
Source: Bloomberg
Following February’s disappointing 0.5% MoM decline in US Factory Orders (and despite the ongoing slump in ISM Manufacturing), analysts expected a rebound in March and they were right. US Factory Orders surged 2.2% MoM in March and February was revised up from a 0.5% decline to a 0.1% MoM rise…
This is the biggest jump in US Factory orders since May 2021, lifting the ‘hard’ data to its most divergent from the ‘soft’ data on record…
What happens next?
What is the ISM Manufacturing Index?
The ISM Manufacturing Index, commonly known as the ISM Manufacturing Purchasing Managers Index (ISM PMI), is a monthly gauge on the level of economic activity in the manufacturing sector in the United States versus the previous month.
Butt.. my abortion.
Unexpectedly
These factors open opportunities for domestic manufacturers to take advantage of the imports higher costs due to freight rates. And, the higher prices due to inflation make it possible for domestic producers to compete.
I am not smart, but this is my opinion.
You’re right.
Plus large companies like Intel are coming to the conclusion that being totally dependent on foreign countries might NOT be a great business strategy.
FWIW, I get interviewed monthly to contribute to that index. I don’t know why they pick me. Even when I change jobs, they keep finding me.
The ISM is up because the Feds are placing orders to replace the old gear we’re giving to the Ukrainians and they’re also taking orders from Europe for new weaponry.
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