US Manufacturing Had Its Best Year Since 2004

US Manufacturing Had Its Best Year Since 2004

The Institute for Supply Management (ISM) said that manufacturing activity expanded robustly in December, with new orders increasing at their fastest pace since January 2004.

The figures suggest manufacturing strength will persist into early 2018, even after the ISM's semi-annual survey of purchasing managers published last month showed factories anticipate growth in capital spending to slow this year.

The production index gained almost two points to 65.8 per cent, while new orders surged 5.4 points to 69.4 per cent, the strongest since January 2004 and marking seven straight months above 60. The production index also increased, rising to 65.8% from 63.9%, while the supplier deliveries index rose to 57.9%, the inventories index went up to 48.5% and the prices index hit 69%, rising from 65.5%.

Two readings of the nation's manufacturing sector showed solid increases in December with one showing the strongest growth in almost three years while another report showed construction spending hit a record high.

Spokane Tribe Casino in Airway Heights, WA to open tonight at 7pm
The tribe overcoming political and legal battles to make the casino a reality. The Spokane Tribe's casino is in Airway Heights, but further west on Hwy.

Critical Performance Analysis under Limelight: AmTrust Financial Services, Inc. (NASDAQ:AFSI)
BidaskClub upgraded shares of AmTrust Financial Services from a "sell" rating to a "hold" rating in a research note on Wednesday. Sell side analysts plays vital role in buying and selling a stock where 1 analysts rated AmTrust Financial Services, Inc .

Supreme Court Agrees to take South Dakota v
And Thomas has said he would jettison the entire dormant commerce clause, saying "it has no basis in the Constitution and has proved unworkable in practice".

"The only mild disappointment here is a 2.7-point dip in the employment component, but it's still high at 57.0, and overall this is a very strong report". "However, the strengthening of demand for raw materials has led to supply chain delays, which have in turn been increasingly linked to higher prices as a sellers' market develops". Any reading above 50 indicates growth in the sector. "The customers' inventories index declined and remains at low levels". Ten industries reported growth while one of the eighteen reported a decrease in new export orders.

New business received by manufacturers continued to rise in December, with the rate of expansion accelerating to a ten-month high.

Read the ISM release. The headline number in the latest survey was boosted by healthy gains in new orders (up from 64.0 to 69.4), as noted above. Coming in at 59.7 percent, the PMI grew by 1.5 points from November and exceeded the 2017 average of 57.6.

Related:

  • Miranda Lambert, Little Big Town co-headlining tour coming to Hartford, Boston

    Miranda Lambert, Little Big Town co-headlining tour coming to Hartford, Boston

    The group of artists have collaborated before, most notably on Lambert's song " Smokin' and Drinkin '" from her Platinum album. While not a commercial success - the song peaked just inside the Top 40 - the ballad was met with critical acclaim.
    Supermassive black hole eats, burps and naps

    Supermassive black hole eats, burps and naps

    A 2010 study discovered gamma-ray "bubbles" that extend some 50,000 light-years end-to-end from the center of our galaxy. Astronomers have caught a massive black hole letting out a "double burp" after bingeing on hot gas.
    Royal Bank of Canada Reiterates Buy Rating for Discover Financial Services (DFS)

    Royal Bank of Canada Reiterates Buy Rating for Discover Financial Services (DFS)

    Rational Advisors LLC acquired a new stake in shares of Discover Financial Services in the third quarter valued at about $123,000. Also, it has an estimated price-earnings (P/E) multiple of 11.31 and a trailing 12-month price-earnings (P/E) multiple of 13.82.
  • Spieth ends up 6 shots behind for a different reason at Sony

    Spieth ends up 6 shots behind for a different reason at Sony

    Zach Johnson had seven birdies and no bogeys during the first round of the Sony Open on Thursday. He wound up with a quadruple-bogey 8 and had to settle for a 69.

    Research Ratings: Energous Corporation (WATT), Gridsum Holding Inc. (GSUM)

    The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $517.32M. Following the completion of the transaction, the director now owns 40,022 shares in the company, valued at $680,374.

    Scorpio Tankers Inc. (STNG), Oclaro, Inc. (OCLR)

    It is negative, as 48 investors sold KO shares while 641 reduced holdings. 95 funds opened positions while 241 raised stakes. Immunomedics, Inc. (IMMU) exchanged hands at an unexpectedly low level of 2.67 million shares over the course of the day.
  • 'Heavyweights' Salami Sam Dead at 36

    'Heavyweights' Salami Sam Dead at 36

    The plot revolved around a fat camp for kids that is taken over by a fitness obsessive called Tony Perkis (Stiller). Miller's mother, Patricia , tells us her son died in his sleep Tuesday in Chicago.
    Immigrant rights activist arrested in USA , faces immediate deportation

    Immigrant rights activist arrested in USA , faces immediate deportation

    We need your help to secure his release & halt his deportation", said a statement by New Sanctuary Movement. Ragbir, 53, became a permanent resident of the United States in 1994.

    Baxter International Inc (NYSE:BAX): Stock Sentiment

    Westfield Capital Management Company Lp bought 196,219 shares as the company's stock declined 2.52% while stock markets rallied. It worsened, as 41 investors sold VR shares while 71 reduced holdings. 21 funds opened positions while 56 raised stakes.
  • BlackRock, Inc. Earnings Results Sends Stock Higher

    SRB Corp now owns 423 shares of the company's stock worth $153,000 after buying an additional 25 shares during the last quarter. After $-0.29 actual EPS reported by Sigma Designs, Inc. for the previous quarter, Wall Street now forecasts -44.83% EPS growth.
    US unveils new travel warning ranking system

    US unveils new travel warning ranking system

    For example, Mexico is rated Level 2 overall, with increased caution urged because of crime. Countries with a level 1 ranking (Canada, Sweden, Mongolia) are not color-coded.
    At 306 billion dollars, 2017 becomes costliest disaster year in United States  history

    At 306 billion dollars, 2017 becomes costliest disaster year in United States history

    Western wildfires fanned by heat racked up $18 billion in damage, triple the previous USA wildfire record, according to NOAA. But the cost and death tolls are expected to climb as new data on Puerto Rico's post-hurricane destruction emerge.

Comments

Latest news

HBO Boss Defends Decision to Air Final Season in 2019
Bloys also talked about the upcoming five " Game of Thrones " prequels, which are now in development on the network. Game of Thrones season eight will be the HBO show's final and, unfortunately for fans, won't air until 2019 .

Sydney final ideal prep for Open: Barty
Defending champion Gilles Muller was knocked out of the Sydney International men's event by unseeded Frenchman Benoit Paire 6-4, 6-4.

WR Drake Stoops Commits to Oklahoma
Mike Stoops - Drake's uncle and the current defensive coordinator of the Sooners - shared in the excitement. Oklahoma added a preferred walk-on with a familiar last name on Friday morning: Drake Stoops .

Carrier layoffs: Hundreds out of a job, a year after Trump deal
That's down from some 1,600 factory and office jobs when Carrier announced plans in early 2016 to move production to Mexico. About 215 people are being let go starting Thursday, leaving about 1,100 workers at the plant, according to the company.

Most Shocking Stock Movements: Western Digital Corporation (WDC), Exelon Corporation (EXC)
The firm owned 952,984 shares of the data storage provider's stock after buying an additional 208,494 shares during the period. Shares for $2.14 million were sold by SANDERS WAYNE R. $2.13M worth of stock was sold by CARP DANIEL A on Friday, October 27.

Starz Developing 'John Wick' TV Series Adaptation 'The Continental'
One obvious question is whether John Wick star Keanu Reeves will make an on-screen appearance (he is one of the show's producers). A press release elaborated that The Continental focuses on the inner workings of the hotel.

Reduces Position in Procter & Gamble Company (The) (PG)
Expedia, Inc., together with its subsidiaries, operates as an online travel firm in the United States and internationally. Opus Capital Group Llc decreased Kforce Inc (NASDAQ:KFRC) stake by 49,575 shares to 160,918 valued at $3.25M in 2017Q3.

US Government blocks Moneygram's merger with Alibaba's Ant Financial
It began about a year ago, when Ant Financial made its offer for MoneyGram as part of a global expansion plan. The acquisition would have been Ant Financial's first major move to expand its footprint overseas.

Roaming Florida monkeys excrete virus that can kill you, study finds
According to the study, 30% of feral macaques located in Florida may be carrying the disease, which is transmittable to humans. Now nearly 30 percent of these reptiles drifting the park are excreting the herpes B virus during saliva and other body fluids.

Citizens Financial Group, Inc. (NYSE:CFG) In Potential Pullback Zone
Hence the difference between Predicted EPS and Actual EPS reported is $0.04/share which shows an Earnings Surprise of 6.3 Percent. Finally, Standard Life Investments LTD raised its stake in Citizens Financial Group by 56.5% in the second quarter. (NYSE:GIS).

Hold stock rating to see: Tandem Diabetes Care, Inc. (TNDM)
Sprint Corporation (NYSE:S)'s ATR-14 is at 0.18, while its weekly volatility is at 4.01% and monthly volatility is at 3.04%. Outperform is an analyst recommendation which means that a stock is expected to do slightly better than the market return.

Suspect on the run after shooting, wounding Tenn. officer
Wilson is wanted by the Knoxville Police and the TBI to face a charge of attempted first degree murder of a police officer. Prayers for our KPD brother in blue suffering from a gunshot wound after an East Knoxville traffic stop.

Shares in Albemarle Co. (NYSE:ALB) Acquired by QUANTRES ASSET MANAGEMENT Ltd
After $1.08 actual EPS reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts 12.04% EPS growth. It worsened, as 53 investors sold ALB shares while 158 reduced holdings. 77 funds opened positions while 161 raised stakes.

Camila Cabello Posts Sweet Thank You Message To Fans After Album's Release
Camila Cabello remembers Fifth Harmony's performance at the 2017 MTV Video Music Awards and still is hurt by the not-so-subtle dig at her sudden departure.

Palestinian youth martyred in occupied West Bank
Her mother Nariman, was also arrested when she visited Ahed at an Israeli police station, Al Jazeera reported. Israeli military raids into Palestinian cities, towns, and refugee camps are a near daily occurrence.

Other news