US Manufacturing PMI at 47.2%; August 2024 Manufacturing ISM Report On Business

It's good

Repeat after me: the economy is strong and resilient. The US economy is the envy of the world.

Just jokin'!

I blame Europe...you guys need to buy more of our stuff and the production wouldn't be down!!!!

That said, isn't this exactly what you (and me) and everyone else has WANTED to happen for SOOOO long? Production has to slow down in order to signify that it is okay to start cutting rates. Prices will stabilize when supply outweighs demand, but no one is going to CUT their sales before they have to....so demand usually leads the supply reductions.

As for prices, other than companies trying to blow out "last year's" inventory, in your experience, have prices EVER really come down? I mean, maybe on a month to month, but it is not like we are going back to $0.05 candy bars or $10,000 full-size sedans.

I think (hope) that we all want steady, sustainable growth. We can agree things got out of hand for a while over the past few years. However, the ship has to be slowed before the course can be corrected. So, welcome to the slow down....let's hope it is gradual without too many "man overboard!" screams!

Definitely on the weaker side with prices coming in hot.

Prices increased, with the index up by 1.1 percentage points to 54.0, pointing to higher raw material costs. Raw Material Prices increased, driven by factors like volatility in commodity markets, impacting production costs.

Supplier Deliveries slowed to 50.5, reflecting improved supply chain conditions as delivery times shortened.

Inventories grew significantly, rising by 5.8 percentage points to 50.3, indicating a shift from contraction.

Six industries, including Food, Beverage & Tobacco Products, and Computer & Electronic Products, reported growth in August.


Employment improved slightly, with an index of 46.0, up 2.6 percentage points, though still in contraction territory.


The manufacturing sector contracted for the 21st time in the last 22 months, reflecting ongoing challenges.

New Orders decreased to 44.6, down by 2.8 percentage points from July, marking continued contraction and highlighting weak demand.

Production also contracted, with the index dropping to 44.8, down by 1.1 percentage points from July. This suggests reduced output levels and declining backlog.

Industries such as Transportation Equipment and Machinery experienced significant declines, reflecting broader sectoral weaknesses.

Crashy crashy came just as I predicted on Sunday

It was good for a dollar. there are many differences between trade and economic analysis

Right!