FYI: With the strength in the dollar and plunging commodity prices, the Prices Paid component of today's ISM report fell to its lowest level since early 2009. Within the report, we also saw a major decline in the number of commodities that rose in price during the month of January. In each month's ISM report, respondents are asked which commodities have risen in price and which have declined. In this month's report for the manufacturing sector, just two commodities were up in price in January, while 23 declined. On a net basis, this month's reading of -21 was the lowest monthly reading since December 2008!
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2015/2/2/ism-commodity-survey-hits-half-decade-low.html?printerFriendly=true
