AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Factory Activity Picked Up Pace In June; ISM index's rise was first in 7 mos. as orders jump; bond yields back over 4%.(A)
Byline: KIRK SHINKLE
Nationwide factory activity rose for the first time in seven months during June as new orders spiked despite record energy costs.
The Institute for Supply Management on Friday said its U.S. manufacturing index rose to 53.8 from 51.4 in May, higher than the slight gain predicted by economists.
It also gives the market a chance to exhale after a month of mixed-to-weak regional factory surveys.
Treasuries retreated on the news. Yields on the 10-year note shot up 13 basis points to 4.04%, the highest since June 21.
On Thursday, long-term yields retreated after the Federal Reserve hiked its short-term interest rate and offered a positive view of growth and inflation.
Economists welcomed the ISM report, but said the better-than-expected reading doesn't mean the U.S. factory sector is out of the woods.
- ISM index provides hope for recovery. (Business Today).(Institute for Supply...
- Magazine article from: Home Textiles Today Hogsett, Don January 14, 2002 700+ words
...depth and extent of the recent slump in manufacturing, the ISM Index has remained beneath the waterline since August 2000, the...definitely in the right direction," said Ore. The monthly ISM Index is based on a canvass of purchasing executives at more than...
- Market to Eye Employment Data, ISM Index.
- Magazine article from: The Bond Buyer Barnett, Chip January 2, 2002 700+ words
...in a new year for an old market mover. The newly christened ISM index is slated to be released this morning. Formerly known as the...nonmanufacturing index for December. Economists polled by IFR expect the ISM index to fall to 49.0% from November's reading of 51.3...
- Bond prices pushed up by unfavorable ISM index.
- Newspaper article from: Czech Business News August 4, 2004 700+ words
Bond prices pushed up by unfavorable ISM index An unfavorable structure of the ISM index pushed prices of US and European as well as Czech bonds up on Wednesday, Komercni banka analyst Daniel Kozel told Interfax. The Czech National Bank (CNB...
- ISM index drop means threat to equities.
- Magazine article from: Investors Chronicle May 6, 2005 700+ words
...coefficient is 0.61. And 36.3 per cent of the variation in annual equity returns can be explained by variations in the ISM index alone - a surprisingly high proportion, given the volatility of stock markets. A drop in the index below 50 is consistent...
- ISM Index Dips to 52.6 From 52.9 in August.(News In Brief)
- Magazine article from: The Bond Buyer October 2, 2009 700+ words
...according to an Institute for Supply Management report yesterday. According to the ISM's monthly report on business, the ISM index dipped to 52.6 in September from 52.9 in August. Economists polled by Thomson Reuters predicted the index would rise to...
- ISM Index at 50.2 in June From 49.6 in May.(News in Brief)
- Magazine article from: The Bond Buyer July 2, 2008 700+ words
...contraction, the Institute for Supply Management reported yesterday. According to the ISM's monthly report on business, the ISM index gained to 50.2 in June from 49.6 in May. Economists polled by IFR Markets predicted the index would slip to 48.7...
- ISM Index at Grows to 44.8 In June From 42.8 in May.(News In Brief)
- Magazine article from: The Bond Buyer July 2, 2009 700+ words
Byline: Yong Lim According to the Institute for Supply Management's monthly report on business, the ISM index gained to 44.8 in June from 42.8 in May. Economists polled by Thomson Reuters predicted the index would rise to 44.5. An...
- October ISM Index at 55.7, Up From 52.6 in September.(News In Brief)
- Magazine article from: The Bond Buyer November 3, 2009 700+ words
...third time after 18 months of contraction, according to a report issued yesterday by the Institute for Supply Management. The ISM index jumped to 55.7 in October from 52.6 in September. Economists polled by Thomson Reuters predicted a 53.0 reading. The...