FYI: ith both the Manufacturing and Non-Manufacturing ISM reports coming in better than expected this week, there were definitely a number of bright spots in this week’s calendar of economic data. While both reports showed strength, they also showed a pickup in the number of commodities rising in price. The table below shows the number of commodities cited by respondents as both rising and falling in price in each of the ISM reports. In the Manufacturing sector, respondents noted price increases in 26 commodities, which was the highest for a single month since May 2011, and up four from January. While 26 commodities were up in price, just one commodity was down in price (Scrap Metal). In the Non-Manufacturing sector, 19 commodities were reported as being up in price (highest since July 2014), while nine were down in price (highest since February 2016).
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/ism-commodities-survey-shows-rising-commodity-prices/
