Loading ...ISM Manufacturing PMI Preview: The homeward turn
RSIs to be golds salvation–they went to extremes of 85-90…they can go down to 20-30 too…
Stocks look shaky but they are green…gold. is not so resilient for now…lets see if the ISM report can help
- Manufacturing PMI predicted for a modest rise
- Trade, global slowdown undermining confidence
- US economic growth may help restore sentiment
The Institute for Supply Management (ISM) will issue its purchasing managers’ index (PMI) for the manufacturing sector for July on Thursday August 1st at 14:00 GMT, 10:00 EDT
Forecast
The purchasing managers’ index is expected to move to 52.0 in July from 51.7 in June. The prices index will increase to 49.6 from 47.9. The employment index is projected to fall to 53.4 in July from 54.5. The new orders index was 50.0 in June down from 52.7 the prior month.
US Manufacturing: Two good years
The heady days for the factory sector from mid-2017 to the first quarter of 2019 which saw some of the best sentiment reading in 20 years and the strongest hiring in a generation, have turned circumspect as executives measure the impact of the trade dispute with China, Brexit and other trials of the global economy.
| Thursday Aug-01 | Construction Spending ISM Mfg Index Motor Vehicle Sales |
| Friday Aug-02 | Monthly Employment Report Trade Balance Factory Orders |