Scoreboard: Treacherous storm

Wall Street was pummelled by bad manufacturing figures - though the impact of poor weather augurs a rebound.

The United States ISM index fell five points from 56.5 to 51.3, sparking carnage on global markets overnight. And it was messy – especially on Wall Street. The thing is, respondents frequently cited poor weather for the drop-off in activity, which was significant – the biggest fall since 2011. New orders fell 13 percentage points and production was down almost 7 per cent. The employment index was also weaker and about the only area showing a lift was the prices component, which shot up 7 per cent to 60.5. The impact of poor weather on the result almost certainly suggests a rebound in the ISM in coming months, but in the meantime investors are spooked – especially given the lacklustre payrolls report we saw. 

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles