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Old 05-24-2021, 03:28 PM
 
Location: Kansas City, MISSOURI
20,858 posts, read 9,518,220 times
Reputation: 15573

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And this was a different diffusion index from the one in the OP, confirming the boom, albeit delayed by a couple months from the ISM index.

Flash U.S. PMI points to ‘spectacular acceleration of growth’ in May
Quote:
The flash reading of the IHS Market U.S. composite purchasing managers index rose to a record high 68.1 in May from 63.5 in April, according to survey data released Friday.

In the service sector, IHS Markit said its flash purchasing managers index rose to a record 70.1 from 64.7 in April. Economists polled by the Wall Street Journal were expecting a 64.3 reading.

In the manufacturing sector, the firm’s flash purchasing managers index rose to a record 61.5 in May from 60.5 in the previous month. Economists were expecting an unchanged reading of 60.5.
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Old 05-24-2021, 03:56 PM
 
7,269 posts, read 4,209,432 times
Reputation: 5466
That's nice - but here from the linked report - is the 12 month rate of increase in the Mfg. PMI before Biden took office. See a trend ? Joe had nothing to do with that. Guess who did.



Quote:
THE LAST 12 MONTHS

Month Manufacturing PMI®

Mar 2021 64.7

Feb 2021 60.8

Jan 2021 58.7

Dec 2020 60.5

Nov 2020 57.7

Oct 2020 58.8

Sep 2020 55.7

Aug 2020 55.6

Jul 2020 53.7

Jun 2020 52.2

May 2020 43.1

Apr 2020 41.7
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Old 05-24-2021, 04:23 PM
 
46,259 posts, read 27,074,383 times
Reputation: 11113
Quote:
Originally Posted by illtaketwoplease View Post
That's nice - but here from the linked report - is the 12 month rate of increase in the Mfg. PMI before Biden took office. See a trend ? Joe had nothing to do with that. Guess who did.
Quote:
THE LAST 12 MONTHS

Month Manufacturing PMI®

Mar 2021 64.7

Feb 2021 60.8

Jan 2021 58.7

Dec 2020 60.5

Nov 2020 57.7

Oct 2020 58.8

Sep 2020 55.7

Aug 2020 55.6

Jul 2020 53.7

Jun 2020 52.2

May 2020 43.1

Apr 2020 41.7
Ouch!
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Old 05-24-2021, 04:33 PM
 
18,557 posts, read 7,362,427 times
Reputation: 11372
Quote:
Originally Posted by James Bond 007 View Post
Continuing, once again, the tradition here of ascribing failure or success of any economic event in the news to the current POTUS, the ISM manufacturing index for March was reported today at a 37-year high.

Thanks Biden!

U.S. manufacturing sector index races to 37-year high in March

In December 1983 Reagan was president.
Stupid. Biden has nothing to do with it.
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Old 05-24-2021, 04:35 PM
 
Location: Kansas City, MISSOURI
20,858 posts, read 9,518,220 times
Reputation: 15573
It's terribly interesting that Trumpers can credit Trump for good news in the economy when he was in office only a short time, but when the same thing happens to Biden, it cannot be credited to Biden!
Quote:
Originally Posted by James Bond 007 View Post
LOL as predictable as the sun rising in the morning the Trumpers are triggered with their BDS running full throttle! It just kills them to see that the economy is doing just fine now that Trump is gone.

Trumpers had no problem crediting manufacturing strength to Trump even while he was in office less than a year. But now that Biden is prez .... ooohh nooo, we can't possibly credit the president anymore!

From Days of Yore:
Manufacturing growth index at 13 year high.
JOBS and MANUFACTURING EXPLOSION
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Old 05-24-2021, 04:43 PM
 
Location: Kansas City, MISSOURI
20,858 posts, read 9,518,220 times
Reputation: 15573
Here we go: Trump wasn't even in office yet, and yet a Trumper was giving credit to Trump for a jobs announcement!

Dated 01-08-2017:
Fiat Chrysler to invest $1 billion in U.S. plants, add jobs

And this one too - a whole month before Trump even took office, somebody was crediting him for some jobs created:

Dated 12-22-2016
WOW!! More Trump Jobs - China tycoon moves jobs to US

The utter hypocrisy of Trumpers saying it's OK for Trumpers to credit Trump for some good economic event even before he took office, but when some good economic event occurs AFTER Biden takes office somehow is NOT because of Biden, cannot be understated!

And what's even more hypocritical is, Trumpers have no problem blaming Biden for high gas prices and high inflation, but when a manufacturing boom happens at the exact same time, it's NOT his doing!

Only the bad things that happen under Biden's watch are his doing.
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Old 05-24-2021, 05:53 PM
 
7,269 posts, read 4,209,432 times
Reputation: 5466
007 -- you get the prize for the deflection attempt of the year. amazing. the numbers are right there in front of you -- yet you just can't bring yourself to admit the truth. Bravo.
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Old 05-24-2021, 06:15 PM
 
Location: Kansas City, MISSOURI
20,858 posts, read 9,518,220 times
Reputation: 15573
Quote:
Originally Posted by illtaketwoplease View Post
007 -- you get the prize for the deflection attempt of the year. amazing. the numbers are right there in front of you -- yet you just can't bring yourself to admit the truth. Bravo.
illtaketwoplease - You get the prize for the hypocrisy post of the year. Amazing. The claims of the Trumpers from early 2017 are right there in front of you -- you just can't bring yourself to admit the truth that I'm doing nothing more than Trump fans were doing 4 years ago. Bravo.
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Old 05-24-2021, 06:23 PM
 
Location: Raleigh NC
25,118 posts, read 16,198,148 times
Reputation: 14408
Quote:
Originally Posted by James Bond 007 View Post
It's terribly interesting that Trumpers can credit Trump for good news in the economy when he was in office only a short time, but when the same thing happens to Biden, it cannot be credited to Biden!

it's terribly interesting that you believe

a. all members of some "tribe" think alike
b. think any local job expansion or business expansion that occurs with no input/influence from DC gets credited to the POTUS.
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Old 05-24-2021, 06:39 PM
 
Location: Kansas City, MISSOURI
20,858 posts, read 9,518,220 times
Reputation: 15573
Quote:
Originally Posted by BoBromhal View Post
it's terribly interesting that you believe

a. all members of some "tribe" think alike
There are a few republicans who can think rationally, but they're in the minority.

Quote:
b. think any local job expansion or business expansion that occurs with no input/influence from DC gets credited to the POTUS.
See post #116, and tell that to the people who started those threads 4+ years ago.
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