December 2, 2013

ISM Manufacturing Index Increases From 56.4% to 57.3% in November

Filed under: Economy — Tom @ 12:23 pm

Not feeling well at all today, so this will be it until late evening or early tomorrow.

Don’t ask me how ISM’s manufacturing index increased, because I don’t know:

Economic activity in the manufacturing sector expanded in November for the sixth consecutive month, and the overall economy grew for the 54th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.

… “The PMI™ registered 57.3 percent, an increase of 0.9 percentage point from October’s reading of 56.4 percent. The PMI™ has increased progressively each month since June, with November’s reading reflecting the highest PMI™ in 2013. The New Orders Index increased in November by 3 percentage points to 63.6 percent, and the Production Index increased by 2 percentage points to 62.8 percent. The Employment Index registered 56.5 percent, an increase of 3.3 percentage points compared to October’s reading of 53.2 percent. This reflects the highest reading since April 2012 when the Employment Index registered 56.8 percent. With 15 of 18 manufacturing industries reporting growth in November relative to October, the positive growth trend characterizing the second half of 2013 is continuing.”

Of the 18 manufacturing industries, 15 are reporting growth in November …

The underlying numbers are stronger than the 0.9-point increase would seem to indicate. As seen above, New Orders and Production went up much more than that, and Backlog of Orders also moved up 2.5 points to 54.0%.

I’m not at all convinced that the ISM result reflects the underlying reality in U.S. manufacturing, though the whole area deserves a closer look before I go out and declare that there is really a divergence.

The index’s history shows high values in 2010. Does anyone else remember that year as a great one for manufacturing? Neither do I.

Monday Off-Topic (Moderated) Open Thread (120213)

Filed under: Lucid Links — Tom @ 6:05 am

This open thread will stay at or near the top today. Rules are here. Possible comment fodder may follow. Other topics are also fair game.

Positivity: Catholic social media summit stresses evangelization

Filed under: Positivity — Tom @ 6:00 am

From Manila:

Nov 26, 2013 / 01:28 pm

A youth symposium on social media in the Philippines highlighted the call of the new evangelization to explore digital means of sharing the Gospel.

“If we are to share the Good News with our brothers and sisters in the ‘digital continent,’ we must speak a ‘language’ they can understand and be present as authentic witnesses to our faith,” said Msgr. Paul Tighe, secretary of the Vatican’s Pontifical Commission on Social Communication.

Msgr. Tighe delivered the keynote address at the Philippines’ Catholic Social Media Summit, held at Colegio de San Juan de Letran in Intramuros, Manila from Nov. 23-24.

The event, organized by Youth Pinoy in collaboration with the Episcopal Commission on Youth and the Bishops’ Conference of the Philippines, drew more than 400 participants from across the country.

In his address, Msgr. Tighe discussed the challenges facing the Church in the digital culture and the need to effectively communicate the Word of God to today’s social media generation.

He stressed the importance of being good citizens of the digital world, open to dialogue and witnessing a life that is consistent with evangelization. In addition, he emphasized that the language of digital and social communications are conversational and interactive.

Speaker Msgr. Pedro C. Quitorio III, media office director for the Bishops’ Conference of the Philippines, said that Christians who want to participate in the movement to “evangelize” the digital continent should be like Mary.

Presenting the image of Mary visiting her cousin Elizabeth, Msgr. Quitorio said online evangelizers should “carry the Word in their wombs,” just like the Blessed Mother.

“Only when you are filled with the Word will you be qualified to post about it on social media,” he said.

The closing day of the Social Media Summit also coincided with the feast of the Christ the King and the closing of the Year of Faith.

At the closing Mass, Mons. Tighe reflected on Christ’s Kingship, which is “all about service, of reaching out to others, not about looking after one’s own interests.”

He noted that the way of Jesus is “not controlling, not dominating, not having power but giving yourself and spending yourself in the service of others.” …

Go here for the rest of the story.