The ISM report on mfg businesses is stronger than you might think.

In the flood of data we get every day it is easy to miss much of the nuance associated with various reports.  For example the commentary that goes with the Institute of Supply Managers report for March was the best I have read in months.  This dialog underscores the actual survey metrics which were described as “slightly better than expected” in the Wall Street Journal.  Jeb B Terry, Sr. April 3, 2012

WHAT THE ISM RESPONDENTS SAID …

  • “Business is robust, driven by a healthy demand for exports and relatively stable raw materials [pricing].” (Chemical Products)
  • “Our customers are reporting a potential 10 percent to13 percent increase in purchases for 2012. Actual orders continue to be slow to appear, but expectations continue to be high.” (Machinery)
  • “Business conditions [are] very strong and so is outlook.” (Fabricated Metal Products)
  • “We have been experiencing 6 percent annual growth and expect that to continue in the near term.” (Food, Beverage & Tobacco Products)
  • “Business continues to be brisk — if not robust — [this] month and looking forward.” (Miscellaneous Manufacturing)
  • “Business remains essentially stable, with some concerns regarding continued slowdown in China.” (Computer & Electronic Products)
  • “Business remains strong.” (Primary Metals)
  • “Business improved year over year for the first quarter.” (Plastics & Rubber Products)
  • “Generally increasing sales/demand [is] driving higher capacity utilization.” (Transportation Equipment)
  • “Sales appear to be picking up over last year at this time, but still have a ways to go.” (Wood Products)

 Aberdeen Investment Management – a guide service for micro-cap technology investment