August PMI Increased 3.2 Percentage Points
The August PMI increased 3.2 percentage points from the July reading of 58.1 percent to register 61.3 percent, according to the Institute for Supply Management (ISM) August 2018 Manufacturing ISM Report on Business.
Economic activity in the manufacturing sector expanded in August and the overall economy grew for the 112th consecutive month, say the nation’s supply executives.”
The report was issued on Monday by Timothy R. Fiore, CPSM, CPM, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee.
Comments from the panel reflect continued expanding business strength, demand remains strong…consumption improved…supplier deliveries, inventories and imports expanded strongly due to continuing supply chain inefficiencies, positive increases in inventory levels and a slight easing of imports.”
US Drill Rigs Running Rose Last Week
The number of drill rigs operating in the US rose by four last week to 1048, led by Mississippi, up by 3. Meanwhile, Canadian drilling fell by 1 to 228 compared with the previous week.
US Raw Steel Production Rose Last Week
US raw steel production rose 0.6% last week, a more than 3 year high as mills operated at an ACUR of 79.8%. In the corresponding week last year mills operated at an ACUR of 75.4%. Thus far this year mills have produced prox 63,000,000 tons compared to the prox 61,000,000 tons produced in the like period last year.
The US Census Bureau Monthly Full Report on Manufacturers’ Shipments, Inventories and Orders July 2018
- New orders for manufactured durable goods in July, down three of the last four months, decreased 1.7 percent.
- Shipments of manufactured durable goods in July, down following two monthly increases, decreased 0.2 percent.
- Inventories of manufactured durable goods in July, up twenty of the last twenty-one months, increased 1.3 percent.
201,000 Jobs Added in August
The pace of hiring picked up in August, American workers’ paychecks grew strongly and the unemployment rate held steady, showing ongoing strength in the labor market. WSJ
Employers added 201,000 new jobs in August. The unemployment rate was unchanged at 3.9%. Average hourly earnings are now up 2.9% year-over-year, a new cycle high. Wells Fargo Economics Group
Kavanaugh Confirmation Hearings
Obstruct! Resist!…here we go again. Confirmation hearings began for Supreme Court nominee Brett Kavanaugh on Tuesday and the Democrats started their bullshit as soon as Senator Grassley tried to open the proceedings. Up to now 500,000 pages of documents have been supplied to the Democrats with another 42,000 pages released over the weekend. Naturally, the left is claiming they didn’t have enough time to study the pages. This is nonsense…they are all against the Kavanaugh nomination anyway. If any of these morons read anything more than the cover page, I would be astounded. Anyway, ALL of his judicial decisions are an open public record.
I cannot believe this: I just heard, with my own ears, Barack Obama taking credit for the current economic boom. Talk about audacity…another clown in the circus called the Democrat party.
Infrastructure X (Keystone & Dakota pipelines) Regulation Reform XX 1 in 2 out
Individual Tax Reform XX Entitlement Reform
Business Tax Reform XX Education Reform X
Healthcare Reform Veterans Administration Reform X
Rebuild our Military X Trade Reform X
Secure our Borders (The Wall) XX Lead the world from the front XX
Help for the poor XX Drain the swamp X as we speak
Peace through unmatchable strength Support Israel X
Destroy ISIS XX Extreme Vetting XX
Conservative Supreme Court nominees XX American Jobs XX
I will track these campaign promises and will check them off as each is accomplished adding those I have missed as they become apparent. This is quite an agenda and will be difficult to achieve all in one term, but I believe the American people are behind him and know these things need to be done. Now, if he can get our legislators to support him instead of fighting him….
“MAKE AMERICA GREAT AGAIN”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”