IYJ

US Factories Report Job Losses As Demand Deteriorates, But Price Pressures Weaken

Us manufacturing business conditions worsened in november according to s&p global's us pmi survey. Manufacturers cut payroll numbers for a second month in a row, leading to a back-to-back drop in employment. Weak demand and reduced wage pressures resulted in lower input cost and selling price inflation in november. Output barely rose as new order inflows deteriorated and backlogs of orders depleted.

Dallas Fed Still In Contraction

New home sales and the dallas fed's reading on manufacturing activity came in worse than expected. The general business activity index has now been in contraction for 19 straight months. New orders and the order growth rate are at post-pandemic lows, but prices are rising.

Weekly Report: what happened at IYJ last week (1120-1124)?

Flash PMIs Mixed

Manufacturing activity slipped back into contraction in november. S&p global releases global flash pmi readings for november. Manufacturing pmi has been at or below 50 for 12 of the last 13 months and the last 7 straight. Services activity rose sequentially for the 10th straight month of expansion.

The Implied Analyst 12-Month Target For IYJ

Should You Invest in the iShares U.S. Industrials ETF (IYJ)?

Macro: Industrial Production

Industrial production continues to show negative growth. This month is much better than the previous month. Industrial production is down 0.7% in november. The decline in industrial production is the worst since the start of the recession in 2009. The economy is still in recessionary territory.

Weekly Report: what happened at IYJ last week (1113-1117)?