The Conference Board’s Leading Economic Indicator moved slightly lower in December, continuing a downward trend that began in the last months of 2018. Movement of the leading indicator has traditionally coincided with trends with industrial-sector activity. In this current cycle, the leading indicator has been propped up by a robust … … READ MORE >
ISM manufacturing index
ISM Manufacturing report puts a dent in prospect of global re-acceleration
A narrative began to emerge among investors and policymakers in the last quarter of 2019 that a global economic re-acceleration was at hand, thanks to an expected rebound in manufacturing. But the December ISM Manufacturing report, released on Friday, coupled with the fallout from rising tensions in the Middle East, have put a significant dent in that thesis. The result will most likely be a reduced appetite for risk and lower global asset prices in the coming days. … READ MORE >
Manufacturing activity declines for fourth straight month, ISM report shows
American factory activity declined for the fourth straight month in November as sluggish global growth and continued uncertainty over trade issues took their toll, according a key gauge released Monday by the Institute for Supply Management.
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