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Manufacturing Has Peaked This Cycle, 8 of 11 ISM Components in Contraction

Mish Talk

Please consider the November 2022 Manufacturing ISM ® Report On Business ® “Manufacturing contracted in November after expanding for 29 straight months. Key Details “The November Manufacturing PMI ® registered 49 percent, 1.2 The Manufacturing PMI ® figure is the lowest since May 2020, when it registered 43.5 percent, 4.2

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Regional Fed Manufacturing Overview: May 2023

Advisor Perspectives

Five out of the 12 Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. The May average of the five districts is -17.5, down from the previous month. This is the lowest monthly average in the last three years.

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ISM Manufacturing On Verge of Contraction, New Orders Contract for the 2nd Month

Mish Talk

Please consider the Manufacturing ISM ® Report On Business ® for October 2022. Manufacturing PMI ® Details “The October Manufacturing PMI ® registered 50.2 The Manufacturing PMI ® figure is the lowest since May 2020, when it registered 43.5 Miscellaneous Manufacturing] Diffusion Index ISM is a diffusion index.

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Empire State Manufacturing Survey: Activity Fell Sharply in May

Advisor Perspectives

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions fell 42.6 points from last month to -31.8, its biggest monthly decrease in 3 years. This morning's reading was well below the Investing.com forecast of -3.7

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Chit Chat: Elevating the Month-End Close Process Through Automation – Lancaster Leaf

Speaker: Raul Perez, VP and CFO of Lancaster Leaf

Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier.

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ISM® Manufacturing index Decreased to 46.9% in May

Calculated Risk

The ISM manufacturing index indicated contraction. From ISM: Manufacturing PMI® at 47.1% From ISM: Manufacturing PMI® at 47.1% Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “ The May Manufacturing PMI® registered 46.9 The PMI® was at 46.9% in May, down from 47.1%

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Philly Fed Manufacturing Index: Lowest Level Since May 2020

Advisor Perspectives

The latest manufacturing index came in at -31.3, from last month's -23.2, marking the index's eighth negative reading in a row and its lowest since May 2020. The six-month outlook was up 6.5 points from last month but still remains in negative territory at -1.5.

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Global Hiring Guide: Top Emerging Fintech Hubs

In fact, according to a report from Korn Ferry, by 2030, more than 85 million jobs could go unfilled across three major industries: telecommunications, manufacturing, and technology. However, experts are warning that local candidates to fill those roles may become scarce in certain areas. This shortage could cost 8.5