ISM Manufacturing Index
The manufacturing sector is slowing, especially the export sectors. According to the ISM survey of purchasing managers, there is concern over the effect of trade talks and tariffs, especially those with China and Mexico. The coming “Brexit” deadline (October 31, 2019) also adds to the global angst over trade and demand.
The labor market remains healthy, as job creation continues and shortages in many specialties persist. According to the BLS, there are 7.3 million unfilled jobs as of the latest survey. This tight market has lead to a 4% annualized increase in the average U.S. wage paid.
The information herein was obtained from various sources believed to be accurate; however, Forté Capital does not guarantee its accuracy or completeness. This report was prepared for general information purposes only. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities, options, or futures contracts. Forté Capital’s Proprietary Market Risk Barometer is a summary of 30 indicators and is copyrighted by Forté Capital LLC. For further information, visit www.fortecapital.com, send a message to [email protected], or call 866-586-8100 and ask for David W. Henion, CPA, or Larry H. Rabinowitz, CPA/PFS.