PMI Highest Level Since December 2014
The Purchasing Managers Index (PMI) hit its highest level since December 2014 and has signaled growth in nine of the last ten months.
The December PMI registered 54.7 percent; an increase of 1.5 percentage points from November’s reading. The New Orders Index increased, the Production Index rose, the Employment Index increased while inventories of raw materials decreased minimally. The New Orders, Production and Employment Indexes all registered new highs for the year 2016 and the forward looking comments from the panel are largely positive.”
Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. January 3, 2017
We begin the New Year with some good news for manufacturing
The Institute for Supply Management (ISM) released its December 2016 Manufacturing Report on Business:
Economic activity in the manufacturing sector expanded in December and the overall economy grew for the 91st consecutive month say the nation’s supply executives in the latest report.”
US Raw Steel Production Dropped
US raw steel production dropped 2.7 percent last week as mills operated at an ACUR of 67.1 percent. In the corresponding week of 2015 mills operated at an ACUR of 62.1 percent. On the year mills produced prox 88,000,000 tons compared to the prox 88,500,000 tons produced in the like period of 2015.
Ford’s “Act of Faith”
Hopping on the Trump Train, Ford Motor Company Tuesday announced it would forego building a $1.6 billion auto plant in Mexico and will instead invest $700 million in an existing Detroit production facility, saving or creating 700 new jobs, depending on how you look at it. Ford’s CEO said the company is encouraged by the tax and regulation reforms Mr. Trump plans on enacting as President saying “This is an act of faith.”
Drain the Swamp
Did you hear the new Senate minority leader, Chuck Schumer, lecture Trump on his opening day of the 115th Congress speech? Telling Mr. Trump “we are going to hold you accountable for the promises you made…” The piece of crap actually had the nerve to say “we will fight him all the way unless he abandons his Republican colleagues.” Can you imagine that? Who are these progressives working for? It is NOT the American people. Let me tell you something Chucky, the American people are going to hold Trump accountable. He was elected to do the things that you progressive liberals have failed to do time and time again and those things the Republicans have also failed to do, time and time again. DRAIN THE SWAMP!
Most, if not all, career politicians aren’t worth a roll of used toilet paper, they have done nothing but enrich themselves on the backs of the American people while doing NOTHING for those who elected them to serve. I pray that that party is over for you (Mr. Schumer) and all those like you. DRAIN THE SWAMP…
California has hired former US Attorney General Eric Holder as outside counsel to help in possible legal battles with the Trump administration. Remember this guy? Willingly lied to Congress, inflamed racial tensions with his own racist bias. Remember Fast & Furious? Lois Lerner? The guy is a two bit, self-serving piece of crap. Eric Holder…another joke.
Violence in America
Thursday: 4 (four) black suspects beat and tortured a special needs white person in Chicago WHILE STREAMING IT LIVE on Facebook (that was a stroke of genius). All the while yelling f*ck white people and ranting against Donald Trump. The prosecutor had originally decided NOT to charge them with a hate crime but the public furor was such that by day’s end the four were in fact charged with hate crimes.
No concrete information yet but as of 3:36pm Friday, 5 people shot dead, 8 people wounded at Fort Lauderdale Airport. The shooter IS in custody. Our prayers are with those wounded and those lost and of course, their families.
“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.
