FYI: In addition the strong headline reading in the ISM Manufacturing report for October, there was also good news for the consumer related to commodity prices. In addition to the six point decline in the Prices Paid Index (largest one month decline since March 2013), the number of commodities rising and falling in price also showed pressure (to the downside) on commodity prices. In this month's survey, manufacturers noted price increases in six commodities (Aluminum*, Electrical Components, MRO Supplies, Polyethylene, Polypropylene, and Stainless Steel) and declines in eight (Aluminum*, Carbon Steel, Copper, Corn based products, Diesel, Galvanized Steel, Gasoline, and Silver). This was the first time that more commodities were down in price in a given month than up in price since November of last year, and only the eleventh month in the entire recovery (since June 2009).
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/11/3/commodity-prices-down-in-ism-manufacturing-report.html?printerFriendly=true
