Digging Into the Non-Manufacturing ISM Figures

Karl Denninger submits: And here we have one of the most-frontrun reports in the history of the ISM series.

Karl Denninger submits: From the "January 2011 Non-Manufacturing ISM Report On Business," released this morning:

By Karl Denninger: Boy that was good for a nearly-20 handle ramp job in the S&P - which all came back off, and now we're trying it again...

Karl Denninger submits: From the January 2011 Manufacturing ISM Report On Business:

By Doug Short: Yesterday the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 54.7 percent, signaling slightly faster growth than last month's 54.2 percent. The Briefing.com consensus was for 53.7 percent. Here is the report summary:

Karl Denninger submits: Blech. The report was issued today by Anthony Nieves, C.P.M., CFPM, chair of the Institute for Supply Management™ Non-Manufacturing Business Survey Committee. "The NMI registered 52.8 percent in April, 4.5 percentage points lower

PMI was at 53.5% in May, sharply down from 60.4% in April. The employment index was at 58.2 and new orders at 51.0. All lower than in April.From the Institute for Supply Management: May 2011 Manufacturing ISM Report On Business®

Steven Hansen submits:The ADP’s historically high service sector employment gains were followed by the ISM non-manufacturing survey indicated employment gains were flat for December. The headlines from the report: