FYI: In both of the monthly ISM reports each month, respondents are asked which commodities are rising and falling in price. In this month’s report, we saw a large number of commodities falling in price both for the Manufacturing and Services sector. In the manufacturing sector, respondents noted no commodities rising in price and price declines for nine different commodities. In the services sector, respondents noted increases in the prices of eight commodities and declines in fourteen. On a side note, two commodities were also noted as being in short supply (Labor and Turkey- Happy Thanksgiving!).
Reegards,
Ted
https://www.bespokepremium.com/think-big-blog/lots-of-commodities-falling-in-price/
