Non-manufacturing

America’s trade deficit shrank in October 2019 according to the Bureau of Economic Analysis.  The shortfall improved to $47.2 billion from the revised $51.1 billion (originally $52.5 billion) chasm in September.  While on the surface this indicator looked better, the cause of the improvement is not constructive as both sides of the trade ledger declined in the period. 

America’s economy was split in November 2019 according to the Institute for Supply Management (ISM).  The nation’s manufacturing base continued to contract, falling for a fourth consecutive period.  However, non-manufacturing pushed its string of expansions further, reaching 118 months of growth in a row.

America’s economy continued growing in February 2019 according to two indicators from the Institute for Supply Management.  Each month they survey purchasing managers from firms representing the manufacturing and services segments of the economy.  In this latest survey, each side was well above minimum levels associated with growth. 

America’s economy continued growing in February 2019 according to two indicators from the Institute for Supply Management.  Each month they survey purchasing managers from firms representing the manufacturing and services segments of the economy.  In this latest survey, each side was well above minimum levels associated with growth. 

Economic output seems to have moderated in July 2018 according to the latest from the Institute for Supply Management. Both of their indices (representing manufacturing and services) pulled back from rather elevated levels as the second half of the year got underway.  However, output is still growing even if it is decelerating.