One check on the state of the economy

The Institute for Supply Management puts out a number of reports. A good quick measure of the economy can be gleaned from the monthly Manufacturing ISM Report On Business and the Non-Manufacturing ISM Report On Business.

The Last 12 Months – Manufacturing

ISM June 2010 Manuftg Report

A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting. Always check the text because a few indexes are better when below 50.

As you can see, manufacturing has been expanding for almost a year though June shows some slowing. Remember economists predicted we should come out of recession the middle of 2009.

Employment is always lagging but still, what is going on? What is causing the big drag? As more and more talking heads are pointing out, it is UNCERTAINTY! More cram-down, undefined legislation. No one can estimate the cost or effects until the new regulators write the regulations. The effect of this administrations agenda has been to hit the Pause button instead of the Reset button.

From the economy to GOD (Gulf Oil Disaster), this administration is the poster child of how NOT to manage a crisis.

Non-Manufacturing History – June 2010

ISM Non-Manufacturing June 2010A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting.

The manufacturing sector has been outperforming other sectors of the economy.

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