U.S. Manufacturing Contracts for First Time in Three Years | TigerDroppings.com

Posted byMessage
C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21600 posts
 Online 

U.S. Manufacturing Contracts for First Time in Three Years


quote:

The Institute for Supply Management’s index fell to 49.7, worse than the most-pessimistic forecast in a Bloomberg News survey, from 53.5 in May, the Tempe, Arizona-based group’s report showed today. Figures less than 50 signal contraction. Measures of orders, production and export demand dropped to three-year lows.


LINK







Back to top
Share:
jamboybarry
LSU Fan
I Putt Out
Member since Feb 2011
10800 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


Impossiburrr. The private sector is doing fine





Back to top
  Replies (0)
RedStickBR
LSU Fan
Member since Sep 2009
10020 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


Very surprising this hasn't gotten more play on this board today. This is perhaps the most damning economic datapoint yet.

LINK






Back to top
udtiger
LSU Fan
Louisiana
Member since Nov 2006
24916 posts
 Online 

re: U.S. Manufacturing Contracts for First Time in Three Years


Obamacare was upheld.

Eat it looney TeaBaggers!






Back to top
  Replies (0)
BamaFan89
Alabama Fan
T-Town
Member since Dec 2009
18094 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


Alabama's doing our part to help the dismal numbers.

LINK

quote:

Alabama Governor Robert Bentley on Monday joined with Airbus executives, economic development leaders, and other officials in formally announcing that Airbus has chosen Alabama as the site of its first U.S.-based production facility.

The facility at the Brookley Aeroplex in Mobile will be used to assemble the industry-leading family of A319, A320, and A321 aircraft. The entire project represents a $600 million total investment and is expected to create up to 1,000 jobs within the production facility when it reaches full capacity. In addition, the construction phase of the project is expected to create nearly 3,200 construction-related jobs over a three-year period.








Back to top
Lsut81
USA Fan
Member since Jun 2005
64673 posts
 Online 

re: U.S. Manufacturing Contracts for First Time in Three Years


quote:

U.S. Manufacturing Contracts for First Time in Three Years



Well at least the Private Sector is doing fine






Back to top
  Replies (0)
NHTIGER
LSU Fan
Central New Hampshire
Member since Nov 2003
9493 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


quote:

Very surprising this hasn't gotten more play on this board today. This is perhaps the most damning economic datapoint yet.



Significant economic hard news and analysis is usually sorely lacking on this board. Good threads on the economy are usually hijacked by the 10th post. The ISM numbers released today were completely unexpected by the experts, and that is an even bigger story than the numbers themselves. It's not just the first contraction number in 3 years, the size of the month-to-month variance is more than double the next highest variance in the past 12 months. The average for the last 12 months is 52.6 .

Also, little attention has been paid to the failing relationship between the PMI and GDP so far this year. The average PMI in the 1st quarter was 53.3, which should be synonymous with a 4+% GDP growth, as opposed to the 1.9% we actually got. So that makes today's figure potentially more disturbing.

Before someone says let's wait for the revised PMI number for June, there won't be one.






Back to top
Bard
LA-Monroe Fan
BR
Member since Oct 2008
16190 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


quote:

The Institute for Supply Management’s index fell to 49.7, worse than the most-pessimistic forecast in a Bloomberg News survey, from 53.5 in May, the Tempe, Arizona-based group’s report showed today. Figures less than 50 signal contraction. Measures of orders, production and export demand dropped to three-year lows.


#SummerOfRecovery
#HopeAndChange
#GoodTimesAhead






Back to top
  Replies (0)
Sheep
USA Fan
In the beer room at Stein's
Member since Jun 2007
15670 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


quote:

U.S. Manufacturing Contracts for First Time in Three Years


Not surprising.

Nowhere to export it to (other than China.... and that's a one-way street, apparently) + not rapid enough growth of the US economy to consume it here.






Back to top
Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22677 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


Bend over. Here come the Good Things Ahead™





Back to top
  Replies (0)
Sheep
USA Fan
In the beer room at Stein's
Member since Jun 2007
15670 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


quote:

Significant economic hard news and analysis is usually sorely lacking on this board. Good threads on the economy are usually hijacked by the 10th post.


That's because most lack the knowledge (but can't admit it) to have a rational discussion, so they fall back to party talking points.

You mention the disconnect between the PMI and GDP growth... It's one of many disconnects in the economy. I feel that the last ten years and the next ten years will be rewriting Econ textbooks long into the future. Things aren't working like they're "supposed" to.






Back to top
RedStickBR
LSU Fan
Member since Sep 2009
10020 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


China's datapoints indicate a softening as well and likely downward revisions to GDP.

As with Europe's.






Back to top
NaturalBeam
LSU Fan
Member since Sep 2007
13108 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


It seemed like all the news out of Europe would have had a larger affect on our economic outlook, but seemed like people were ignoring it for some reason. But it was inevitable that it would catch up to us, too. I guess most people never worry about the approaching storm until it's on our doorstep.





Back to top
ScoopAndScore
baton rouge
Member since Oct 2008
7768 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


quote:

The Institute for Supply Management’s

Obviously a racist institute






Back to top
Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
13027 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


It's the recovery summer!





Back to top
  Replies (0)
Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
13027 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


quote:

quote:


The Institute for Supply Management’s



Obviously a racist institute



They made the SPLC's hate group list.






Back to top
  Replies (0)
mtntiger
LSU Fan
Asheville, NC
Member since Oct 2003
9206 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


Sweet!!! Love me some depression. Are the soup kitchen lines long yet where you live?

Four more years! Woo-hoo!






Back to top
  Replies (0)
Quidam65
Florida Atlantic Fan
Q Continuum
Member since Jun 2010
8914 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


quote:

Alabama's doing our part to help the dismal numbers.


I remember that Airbus, had it won the tanker contract, was going to build it in Mobile.

Sounds like they really like the area so Mobile wins anyway!






Back to top
  Replies (0)
Sheep
USA Fan
In the beer room at Stein's
Member since Jun 2007
15670 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


quote:

China's datapoints indicate a softening as well and likely downward revisions to GDP.

As with Europe's.



That's why I said...... no where for any manufacturing output to go, really. I'm really curious to see if Europe is the next shoe to drop, or if China beats them to the punch.

I'm (probably) moving from the public sector to the private sector over the next 6-12 months, so if you see the other shoe drop, you'll know I got hired the day before.






Back to top
  Replies (0)
Cajun Tigah
LSU Fan
Tennessee Mountains
Member since Jan 2005
2782 posts

re: U.S. Manufacturing Contracts for First Time in Three Years


quote:

It seemed like all the news out of Europe would have had a larger affect on our economic outlook, but seemed like people were ignoring it for some reason. But it was inevitable that it would catch up to us, too. I guess most people never worry about the approaching storm until it's on our doorstep.



This is the mindset that brought us from the country that we were, to the the country that we are: " Those are just scare tactics, those things will never happen!".






Back to top
  Replies (0)


Back to top