Friday, December 29, 2006

Chicago PMI "Regains Footing"

From cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Release

The Chicago Purchasing Managers reported cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Chicago Business Barometer regained its footing to register some improvement.

- Production and New Orders regained strength while cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 rate of decline in Order Backlogs stabilized;

- Prices Paid were unchanged from November;

- Employment contraction continued as reported layoffs increased while hirings decreased


Let's look a bit deeper into cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 survey.

The index dropped from September through November, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365n rebounded in December. We'll have to wait until January to see if this number continues its upward movement.

There was a nice upward move in new orders. But cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365se can always be canceled, so until cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y get into production this number may be a bit high. Also note this was cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 seasonally adjusted number. The unadjusted number increased .5 instead of 5.8.

The prices paid component increased slightly. This is not a good sign for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Federal Reserve policy going forward and takes some wind out of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 "Fed has to lower rates in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 new year" argument.

There were several comments about slowing construction and how that was having a negative impact. There was also a comment about how cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 lack of a federal budget was hurting overall production. This implies that when a budget resolution is passed, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Chicago PMI could see a 1-month jump. Finally, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re was a comment about manufacturing being moved off-shore while financial work was remaining onshore.

Short version: A 1 month improvement that contains some future concerns (prices paid and employment) and will need at least 1-month of upward verification. In ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r words, this could be a trend reversal, but we need more information going forward.