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July 1, 2011

Fundamentals 7/1: Better Manufacturing, Worse Consumer Mood

July 1, 2011

Fundamentals 7/1: Better Manufacturing, Worse Consumer Mood

-June Consumer Sentiment worse at 71.8
-The Thompson Reuters/University of Michigan index averaged 89 in the five years leading up to the recession that began in December 2007

ISM June manufacturing index 55.3 vs. 53.5 in May
-Improving data: above 50 indicates expanding activity
-Inflation pressure moderating
-More ISM survey results below