ISM Index Comes in Strong

According to Econoday:

The Institute for Supply Management’s manufacturing index has strengthened over the last two months, coming in at a 55.0 reading in May. New orders have been especially strong, at 59.6 in May and at 58.5 in April. However, these numbers did not translate into similar strength for national data on industrial production and new factory orders for durables in May. Still, if the ISM numbers continue to hold up, then the official government statistics should follow. Most recently last week, the Chicago purchasers index remained strong in June with a 60.2 reading – only marginally below the 61.7 level for May.

For my Economic Data Table, that classifies as “Good and Improving.”

EconomicData

Bad and Deteriorating	Bad but Improving	Good but Deteriorating	Good and Improving
Existing Homes (June)	Chicago Fed NAI (May)	Consumer Confidence (June)	Real Disposable Income
Employment (June)	Durable Goods (June)	Personal Spending (June)	ISM Manufacturing (July)
New Home Sales (June)	Construction Spending	Retail sales (August 2007)	ISM Services (June)
ATA Truck Tonnage (June)	CPI (July 07)	Leading Indicators (June)
GDP (Q2 Advance)	Trade deficit (July 07)
PPI (July 07)	Durable Goods (July)
Industrial Production (July 07)
Housing Starts (July 07)

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