Market Commentary

Manufacturing

Recently the private company that produces the latest data on manufacturing specially, called the PMI report, stated that the number for December moved up from 52.2 to 52.4. Any number over 50 suggests expansion. The official report, called the ISM manufacturing index, for December came in at 47.2% down from 48.1%. Another report on construction spending came in at a .6% increase form a .1% in November.

There are other reports but as stated before the manufacturing recession the sector appears to be coming off the weakness seen the summer months. It is still weak, but with the Chinese trade deal, even though it is partial, and with world central banks pressing on easy money, manufacturing should pick up in the coming months.

Leave a Reply

Your email address will not be published. Required fields are marked *