Comments from the ISM after manufacturing PMI

He's nicked my comment hasn't he? ;-)

  • Companies are looking to cut inventories
  • Strong dollar is not overwhelming exports
  • Drop in imports points to slow demand
  • 2015 is looking a lot like 2012 (that's good, I had more hair then)
  • 2012 late year cooling was followed by gains
  • Employment index points to December job losses
  • We'll need to wait and see how 2016 evolves
  • Slump in oil is still hurting the energy industry
  • Oil slump also lowers costs and stokes auto demand
  • Drop in oil prices is a net positive

And that's all folks