Recent Updates
- Malaysia: Motor Vehicle Sales (Apr)
- Malaysia: House Price Index by State (Q1)
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- more updates...
Economy in Brief
UK Consumer Sentiment Hits Lowest Reading since 1996
(when the GFK survey began; also lowest reading 'ever')
Of these 13 readings eight of them declined on the month in May three of them improved and two of them were unchanged...
U.S. Existing Home Sales Continue to Fall in April as Houses Become Less Affordable
The combination of soaring home prices across the nation and rising interest rates is making homes less affordable...
U.S. Index of Leading Indicators Fell in April
Five of the index's components fell in April, one was unchanged and four increased...
U.S. Unemployment Claims Rose in the Latest Week
The state insured rates of unemployment in regular programs vary widely...
CBI Gauge in the UK Continues to Be Upbeat
The global economy has a lot of challenges...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits and Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Tom Moeller January 10, 2011
Haver Analytics constructs an ISM Composite Index based on the previously
published ISM manufacturing and nonmanufacturing reports. For December, the
index rose to 57.1, its highest level since 2006. From September-to-December,
the composite index grew 3.8 percentage points as the nonmanufacturing series
grew 3.9 percentage points to 57.1 versus a 2.6 point increase in the factory
sector index to 57.0. During the last ten years there has been a 72% correlation
between the composite index level and the q/q change in real GDP.
The ISM composite index for the manufacturing and nonmanufacturing sectors is calculated by Haver Analytics using GDP by industry data from the BEA for the sector weights. The Institute for Supply Management (ISM) data are available in Haver's USECON database.
The Economic Outlook is today's speech by Fed Governor Elizabeth A. Duke and it can be found here.
| ISM Survey | Dec | Nov | Oct | Dec'09 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|
| Composite Index | 57.1 | 55.2 | 54.6 | 50.4 | 54.5 | 46.2 | 47.1 |
| Factory Sector | 57.0 | 56.6 | 56.9 | 54.9 | 57.3 | 46.2 | 45.5 |
| Nonmanufacturing | 57.1 | 55.0 | 54.3 | 49.8 | 54.1 | 46.2 | 47.3 |
