Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (115682)

6/22/2012 4:58:05 PM

From: RetiredNow

Respond to of 149317

The Philly index, much like the NY index, is one of the least important manu. indices. It covers a small part of the country whose manu. fortunes have diminished greatly in the last 50 years and tends to be very volatile. The most important manu. index is the ISM out of Chicago. That index remains above 50 which suggests continued expansion.

Here's the top 10 manufacturing cities. You'll note that NYC is number 2 behind Houston, although Philly's not in the top 10.
bizjournals.com

The top 10 industrial cities, including the total of manufacturing jobs were: Houston, 235,038; New York City, 140,952; Chicago, 107,264; St. Louis, 80,795; Los Angeles, 79,873; Cincinnati, 78,975: Dallas, 75,924; Indianapolis, 75,845; Phoenix, 74.154; and San Diego, 70,483.

As far as the ISM goes, the May ISM report showed a slowdown across almost all areas. Still positive, but trending slower. That's not good.
MANUFACTURING AT A GLANCE - MAY 2012

May is the first number and April the second number...
ism.ws

PMI	53.5	54.8	-1.3	Growing	Slower	34
New Orders	60.1	58.2	+1.9	Growing	Faster	37
Production	55.6	61.0	-5.4	Growing	Slower	36
Employment	56.9	57.3	-0.4	Growing	Slower	32
Supplier Deliveries	48.7	49.2	-0.5	Faster	Faster	4
Inventories	46.0	48.5	-2.5	Contracting	Faster	2
Customers' Inventories	43.5	45.5	-2.0	Too Low	Faster	6
Prices	47.5	61.0	-13.5	Decreasing	From Increasing	1
Backlog of Orders	47.0	49.5	-2.5	Contracting	Faster	2
Exports	53.5	59.0	-5.5	Growing	Slower	7
Imports	53.5	53.5	0.0	Growing	Same	6

OVERALL ECONOMY				Growing	Slower	36
Manufacturing Sector				Growing	Slower	34

*Number of months moving in current direction.