The Midwest Economy Index Increased to Highest Value Since June 2014
The Midwest Economy Index increased in April to +0.70 from +0.61 in March, reaching its highest value since June 2014.
What do the index numbers mean?
A zero value for the MEI has been associated with the Midwest economy expanding at its historical trend (average) rate of growth; positive values with above-average growth (in standard deviation units); and negative values with below-average growth. A zero value for the relative MEI has been associated with the Midwest economy growing at a rate historically consistent with the growth of the national economy; positive values with above-average relative growth (in standard deviation units); and negative values with below-average relative growth.
May 2017 Manufacturing ISM Report on Business: Overall Economy Grew for 96th Consecutive Month
The Institute for Supply Management (ISM) released its May 2017 Manufacturing ISM Report on Business and states that economic activity in the manufacturing sector expanded in May and the overall economy grew for the 96th consecutive month. The report was issued Thursday by Timothy R. Fiore, CPSM, CPM, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee:
The May PMI registered 54.9 percent, an increase of 0.1 percentage point from April…Comments from the panel generally reflect stable to growing business conditions with new orders, employment and inventories of raw materials all growing in May compared to April. The slowing of price pressure, especially in basic commodities, should have a modest impact on margins and buying policies as this moderation moves up the value chain.”
Texas Manufacturing Outlook Survey for May 2017 and Reports Factory Activity Increased
The Federal Reserve Bank of Texas released its Texas Manufacturing Outlook Survey for May 2017 and reports factory activity increased at a faster pace in May according to business executives responding to the survey. The production index, a key measure of state manufacturing conditions, moved up 8 points, reaching its highest level since April 2014.
Consumer Confidence Index Fell
The Consumer Confidence Index fell slightly more than expected in May with the overall index falling 1.5 points. The entire decline was in the “expectations” component. Even with the drop, consumer confidence remains relatively solid. Wells Fargo
Chicago Business Barometer for May 2017 Reports Decrease
The Institute for Supply Management (ISM) released its Chicago Business Barometer for May 2017 and reports the index decreased to 55.2 in May from 58.3 in April to its lowest level since January.
After rising for three consecutive months, demand lost ground in May
Optimism about business conditions eased for the first time in four months (do you see what is resulting from the “resist” and “obstruct” campaigns being waged by the left since Trump took office? ALL of it in pursuit of their own lust for power). After rising for three consecutive months, demand lost ground in May. The New Orders Index fell, the Production Index retreated, Order Backlogs were in contractionary territory.
May’s fall in the MNI Chicago Business Barometer needs to be viewed in the context of the strength seen in the past three months. With the three-month average broadly stable, it provides a better guide this month to the underlying activity. Still, business activity over the past three months is running significantly above the levels seen during the same time last year.” Said Shaily Mittal, senior economist at MNI Indicators.
Chicago Fed Survey of Business Conditions (CFSBC) Reports Activity Index Decrease
The Chicago Fed Survey of Business Conditions (CFSBC) reports the Activity Index decreased in April and early May suggesting that growth in economic activity slowed to a modest pace in April and early May.
Respondent’s outlooks for the next six to twelve months retreated some but remained optimistic on balance. Respondents with optimistic outlooks highlighted increased demand for their firms’ products and the potential for fiscal stimulus and tax regulatory reform. Respondents with pessimistic outlooks cited the slowdown in auto sales and elevated policy uncertainty under the current presidential administration.
This is ALL the result of the strategy of Democrats and some Republican losers who are hell bent on resisting, stopping or obstructing anything and everything the president wants to do for this country. He has already done much good work despite the hurdles in his way. Again I must ask: when are the American people going to realize that these political moves are hurting THEM? These freeloaders will do anything to stay in power, to maintain the status quo. It is total bullshit.
The unemployment rate has fallen to 4.3 percent, its lowest level in 16 years…the data suggests employers are starting to add to payrolls more slowly in a tight labor market. WSJ
Infrastructure X (Keystone & Dakota pipelines) Regulation Reform XX 1 in 2 out
Individual Tax Reform Entitlement Reform
Business Tax Reform Education Reform
Healthcare Reform X rollback begun Veterans Administration Reform
Rebuild our Military Trade Reform
Secure our Borders (The Wall) XX Lead the world from the front XX
Help for the poor Drain the swamp X as we speak
Peace through unmatchable strength Support Israel
Destroy ISIS Extreme Vetting XX
Conservative Supreme Court nominees XX American Jobs XX
I will track these campaign promises and will check them off as each is accomplished adding those I have missed as they become apparent. This is quite an agenda and will be difficult to achieve all in one term but I believe the American people are behind him and know these things need to be done. Now, if he can get our legislators to support him instead of fighting him….
“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.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”