U.S. ISM Manufacturing Index Plummets
U.S. ISM Manufacturing Index Plummets
The ISM manufacturing index for September was much weaker than expected, dropping well below the 50-mark to 43.5, which indicates sharply declining activity in the sector. The level of this measure is usually associated with declining activity for the economy as a whole. Expectations had been for only a modest drop […]
Canadian Employment Plummets - Unemployment Rate Falls
Canadian Employment Plummets - Unemployment Rate Falls
Employment in Canada has for most of this year surprised on the upside though this was quickly reversed with this morning’s numbers for July. Hiring was much weaker than expected, plummeting 55,000 in the month. Expectations had been for a modest increase of 5,000 that would have reversed a […]
Canadian Leading Indicators Index Plummets in February
Canadian Leading Indicators Index Plummets in February
Canada’s leading indicators vastly underperformed expectations, printing at -0.3% versus the expected 0.1%. Housing dropped -1.5%, but the most profound decline was seen in manufacturing. New factory orders fell a whopping -3.3% as the effects of Canada’s dependence on waning US demand begin to materialize. As we reported when […]