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Video

[brid video=”14498″ player=”1929″ title=”PPFA Partner Admits Abortion Laws Threaten Cash Cow in Baby Body Parts”]

In the ninth video in the Planned Parenthood baby parts scandal, Perrin Larton, the Procurement Manager at longtime PPFA partner ABR admits that abortion laws threaten their baby body part cash cow. The video, released by the Center for Medical Progress, a pro-life group, also features undercover conversations with Dr. Katharine Sheehan, the long-time medical director of Planned Parenthood of the Pacific Southwest until 2013, and Cate Dyer, the CEO of rival fetal tissue procurement company StemExpress.

In the previously released video, Dyer admitted to purchasing and shipping “intact” baby bodies and whole severed heads, jokingly stating that they should either shut the eyes or warn the lab before they open the box and see a baby’s head with his or her eyes wide open. ABR was founded in 1989 by CEO Linda Tracy and, according to their fee schedule, charges $340 per second-trimester fetal tissue specimen

PPFA-Partner-ABR-Perrin-Larton

Perrin Larton, the Procurement Manager at ABR, expressed concern that laws against abortion threaten the lucrative trafficking of baby body parts.

Larton also joked that a baby “just fell out” during a late-term abortion.

“I literally have had women come in and they’ll go in the O.R. and they’re back out in 3 minutes, and I’m going, ‘What’s going on?'” Larton said. “Oh yeah, the fetus was already in the vaginal canal whenever we put her in the stirrups, it just fell out.”

In the ninth video in the Planned

Polls

Black Lives Matter Hurting, Not Helping Supporting Democrats

black-lives-matter-chants-pigs-in-a-blanket

Black Lives Matter activists tried to disrupt the Minnesota State Fair on Saturday and marched down the street, chanting “Pigs in a blanket, fry ’em like bacon” and shouting for the deaths of police officers.

Following the murder of Darren Goforth, 47, a 10-year veteran of the Harris County Sheriff’s Office, Sheriff Ron Hickman slammed anti-police rhetoric coming out of Black Lives Matter activists and politicians. Milwaukee County Sheriff David Clarke went even further, saying “President Obama has breathed life into this ugly movement.”

“It is time now for good, law-abiding Americans to rise up like they did in Houston around that Chevron station, an outpouring,” Clarke stated. “But it can’t just be symbolic, we now have to counter this slime, this filth coming out of these cop-haters.”

In fact, the Democratic Party approved a resolution last week praising the group that has harassed and interrupted their presidential candidates on the campaign trail, despite activists chanting “Pigs in a blanket, fry ’em like bacon” at the Minnesota State Fair on Saturday.

But, according to a recent survey, as well as a number of surveys PPD has tracked over the past year, the vast majority of voters agree with and support Sheriff Hickman and Sheriff Clark, as well as their fellow law enforcement brethren across the nation.

A new Rasmussen Reports survey finds that 58% of likely voters think there is a war on police in America today, while 60% believe comments critical of the police by politicians fan the flames and make it more dangerous for police officers to do their jobs. Just 27% disagree about there being a “war on the American police officer,” as Sheriff Clarke stated, and only 18% think such comments improve the quality of the police’s performance. Voters under 40 believe even more strongly than their elders that there is a war on police, but are less likely to think politicians critical of the police are making it worse.

While we have repeatedly observed a wide racial divide in the difference of opinion on questions related to the police, even most black voters (54%) agree with the majority of white (60%) and other minority voters (56%) that there is a war on police underway in contemporary America. Seventy-eight percent (78%) of Republicans think there is a war on police now, compared to 48% of Democrats and 52% of voters not affiliated with either major party.

However, blacks (36%) are still far less likely than whites (66%) and other minorities (55%) to believe that comments out of politicians like Obama and New York Mayor Bill de Blasio are making it more dangerous for the police. Interesting, there’s very little to no statistically significant difference between the belief in any of the groups over whether these comments are improving police performance. By party, 26% of Democrats believe political comments critical of the police are improving the officers’ performance, but just 12% of Republicans and 15% of unaffiliated voters agree.

A whopping 79% of Republicans and 62% of unaffiliated voters say these comments make it more dangerous for the police to do their jobs, but a smaller 44% of Democrats share their view.

Even though protests against the police have been growing since Officer Darren Wilson shot and killed 18-year old Michael Brown in Ferguson, Missouri, support for police nationwide has steadily been on the rise. Consequently, a grand jury did not indict Wilson because it became clear that the “hands up, down shoot” mantra was built on a complete lie. Brown, who committed strong arm robbery moments before the altercation, attempted to take Wilson’s gun before charging the officer.

In December 2014, Americans overwhelmingly (67%) said that their local police are their protectors and gave them high ratings in appreciation of the job they do on a daily basis. Most also said that they believe deaths that involve policemen are usually the fault of the suspect, not the cop. Now, support for police nationwide has risen. According to the latest survey taken in mid-August, 72% of Americans have a favorable view of the police in the area where they live. Further, two-thirds (66%) also said they approve of the tactics used by their local police officers.

Worth noting, on Wednesday, judicial proceedings officially began in Baltimore regarding the case of Freddie Gray, a 25-year-old man who died while in police custody. In April, just 25% of American adults said the riots in Baltimore, Maryland were sparked by legitimate grievances, while 63% said it was predominantly the result of criminal actions of opportunists taking advantage of a tragic situation. In March 2015, 70% of likely voters said the level of crime in low-income inner city communities was a bigger problem in America today than police discrimination against minorities.

“If there’s anything that needs to be straightened out in this country, it is the subculture that has risen out of the under-class in the American ghetto,” Sheriff Clarke said. “Fix the ghetto, and you will see a lesser need for assertive police officers or policing in these areas, and then you’ll see less confrontation. Stop trying to fix the police. Fix the ghetto.”

Americans couldn’t agree more, and also fault the media alongside politicians. According to PPD tracking, 61% of all voters think the media overhypes incidents in which blacks are shot by white police officers, and a slightly higher 63% say this media coverage is putting police officers in harms way.

(Update: A previous version of his article spelled Milwaukee County Sheriff David Clarke’s surname without an “e” in the first and 9th paragraph. It has been corrected.)

A new poll finds that voters think

Politics

President Obama Speaks On Iran Nuclear Deal At American University

President Barack Obama addresses American University’s School of International Service in Washington, District of Columbia, U.S., on Wednesday, Aug. 5, 2015. The speech focused on the Iran nuclear deal being debated in Congress. American University was chosen as the venue by the White House because it is where President Kennedy made his famous 1963 speech on nuclear disarmament. President Obama’s Iran Deal speech at AU falls on the 52nd anniversary of the signing of the Limited Nuclear Test Ban Treaty. (Photo: Pete Marovich/Bloomberg/Pool)

Sen. Barbara Mikulski, D-Md., announced her support for the Iran deal Wednesday, giving President Obama the 34th vote needed to ensure approval in Congress. The development comes ahead of a speech on the agreement by Secretary of State John Kerry, but now the administration has enough backing to sustain a veto of a Republican bill opposing it if that bill passed in a vote later this month.

“No deal is perfect, especially one negotiated with the Iranian regime. I have concluded that this Joint Comprehensive Plan of Action is the best option available to block Iran from having a nuclear bomb,” Mikulski said in a statement. “For these reasons, I will vote in favor of this deal. However, Congress must also reaffirm our commitment to the safety and security of Israel.”

On Tuesday, two key Senate Democrats–Sen. Chris Coons, D-Delaware, and Sen. Bob Casey, D-Penn.–all but ensured approval when they announced they would support it. However, the deal remains deeply unpopular by large bipartisan majorities of the American people and Congress.

According to PPD tracking of the average of polls on the Iran deal, opposition has held steady since the president announced the agreement with the regime in Tehran. On average, 58% of Americans oppose the deal negotiated by the president and Secretary of State John Kerry, while just 29% on average support it.

While GOP congressional leaders in D.C. are quietly and privately breathing a sigh of relief–mainly because they are almost certain to avoid a filibuster fight in the Senate–many lawmakers and pro-Israel activists in both parties are furious over the approval of what many believe should’ve been subject to treaty ratification. Rather than needing 41 votes to approve the deal, President Obama and supporting Democrats would have needed 67 votes in the Senate to ratify the deal.

Sen. Barbara Mikulski, D-Md., announced her support

Economy

U.S. Private Sector Adds 190,000 Jobs, Missing Views

jobs-fair

American workers wait on a jobs fair line. (PHOTO: REUTERS)

The closely-watched ADP National Employment Report revealed U.S. private sector job creation in August was at 190,000, missing economists’ expectations. Economists surveyed by Reuters expected the report by the payrolls processor on Wednesday to show a gain of 201,000 jobs.

“The job growth numbers for August improved slightly from July,” said Carlos Rodriguez, president and chief executive officer of ADP. “The employment gains for the month are in line with the year to date average.”

Private payroll gains in July were revised down to 177,000 from an originally reported 185,000 increase. The report is jointly developed with Moody’s Analytics, and is released ahead of the U.S. Labor Department’s non-farm payrolls report on Friday, which includes both public and private-sector employment. Economists polled by Reuters are looking for total U.S. employment to have grown by 220,000 jobs in August, a slight increase from the 215,000 jobs created in July. With more Americans continue to leave the labor force, unemployment rate is forecast to tick down to 5.2 percent from the 5.3 percent in July.

“Recent global financial market turmoil has not slowed the U.S. job market, at least not yet,” said Mark Zandi, chief economist of Moody’s Analytics. “Job growth remains strong and broad-based, except in the energy industry, which continues to shed jobs. Large companies also remain more cautious in their hiring than smaller ones.”

The typically higher-paying energy sector is facing regulatory headwinds from the Obama administration, preparing for billions of dollars in historic EPA rules despite the recent Supreme Court decision. The lower-paying service-providing employment rose by 173,000 jobs in August, up slightly from 170,000 in July, while the manufacturing sector added 7,000 jobs nationwide in August.

ADP National Employment Report: Private Sector Employment Increased by 190,000 Jobs in August

The closely-watched ADP National Employment Report revealed

Video

Mark Steyn joined Sean Hannity on Tuesday night to discuss the latest Hillary Clinton email dump from the State Department. He said Hillary can’t claim she is “a chump” or “an idiot” for having classified information on her private insecure server and then turn around and run on her experience.

Steyn also said the email scandal shows how Hillary is “a Clinton first, and an American second.” Because of past statements by Secretary of State John Kerry, it is safe to assume Moscow and Beijing know more about Hillary’s email than the American media do. So, Steyn says, the question remains what do or will they do with that information.

Mark: Steyn: Hillary can't claim she is

Markets, Opinion

NYSE-Markets-Reuters

Traders on the New York Stock Exchange (NYSE) with Barclays, etc. (Photo: Reuters)

People have long lists of things they think the market can’t possibly do — from building subways to fighting wars. Sometimes, the market does them anyway.

War, for example. Even conservatives, who often praise markets, assume that only government can fight terrorists. Tell that to Matthew VanDyke.

VanDyke and his group, Sons of Liberty International, spent the past months in Iraq training the Nineveh Plains Protection Unit, several thousand Christians willing to risk their lives fighting against ISIS’s brutal forces there.

I don’t know if Sons of Liberty are as competent (or more competent) than the U.S. military, but they’re not using taxpayer dollars or getting the U.S. involved in a wider war.
My TV show on “market magic” this week looks at other things markets do that we’re always told only government can do — like run courts.

People frustrated by legal bureaucracy and tired of waiting endlessly for government courts to make decisions now have alternatives. They can go to private arbitration companies and have their day in court without ever entering a government courtroom. An ABA survey of lawyers found 78 percent said arbitration was more efficient than government.

“But maybe the for-profit arbitrator is not fair or your opponent bribes the judge!” say market skeptics. That can happen. But if an arbitration firm gets a reputation for making flaky decisions or taking bribes, customers just don’t use it. It goes out of business. That’s how the free market works.

By contrast, badly run government courts, like other government agencies, never go away. When they fail, they just claim to be “underfunded” and demand more money. Congress usually gives it to them.

Our air and most of our water are of course public property. It’s good that we have an EPA (though we could use a less oppressive one) to protect such resources. But that also leads people to think we need more government force to handle problems like California’s drought.

Economist Zachary Donohew points out that California’s water shortage isn’t just caused by drought, though. It’s caused by government refusing to allow the price of water to be set by market forces.

“Water shortages are manmade,” says Donohew. “We don’t send the right signal to indicate how valuable it is, and we don’t make it easy to move water from one use to the other.”

In most of America, taxpayers pay for reservoirs and aqueducts, but water sent to consumers, farmers, etc., is practically “free.” So people waste it. But if the price were allowed to rise to reflect its scarcity, everyone would economize. You might decide you need to cook but not wash your car. Important activities like agriculture would continue, but farmers might grow grapes instead of oranges, because oranges need so much water.

Decisions like that happen naturally when markets set prices. A price is more than money — it’s information. It tells people what is valuable. Then people adjust.

When we forget that, we panic needlessly. Even The Wall Street Journal, which generally understands markets, recently reported on a “looming shortage” of airline pilots.
But if there really is a shortage of pilots, pilot salaries will rise. More people will train to become pilots and any shortage will be brief.

The market steers people and resources to where they’re most valued. That happens even faster if government doesn’t interfere with markets by offering its own, poorly run versions of the services people want.

My fellow New York City subway riders believe government had to dig the subway tunnels and run the trains because “there’s no profit in mass transit — it loses money!” But in fact, most of New York’s subways were built by private businesses.

They only turned them over to government because politicians forced them to. A mayor claimed a proposed fare increase to 5 cents was “too much.” Now a subway ride costs $2.75.
I used the phrase “market magic,” but the market is actually better than magic, because there’s nothing mysterious about it — it’s all logical.

The mystery is why we keep letting government get in the way.

People have long lists of things they

Politics

Obama Needs Just One More Vote

Iran-Foreign-Minister-Mohammad-Javad-Zarif-AP

FILE – A Wednesday, Aug. 12, 2015 photo from files showing Iranian Foreign Minister Mohammad Javad Zarif, during a press conference at the Lebanese foreign ministry in Beirut, Lebanon. An unusual secret agreement with a U.N. agency will allow Iran to use its own experts to inspect a site allegedly used to develop nuclear arms, according to a document seen by The Associated Press. (AP Photo/Bilal Hussein, File)

Sen. Chris Coons, D-Delaware, and Sen. Bob Casey, D-Penn., announced Tuesday they will support the controversial Iran deal negotiated by President Obama. The development all but ensures the president will have the 41 votes needed for Congress to approve the agreement.

“I am voting to support this agreement not because I think it is perfect, or because I believe it is the mechanism to end nuclear proliferation in the region,” Sen. Coons said on Tuesday. “I am voting for this agreement because it is our most credible opportunity to lead a global community in containing an existential threat while preserving America’s ability to use economic power and military might to successfully dismantle a nuclear program should diplomacy fail.”

While GOP congressional leaders in D.C. are quietly and privately breathing a sigh of relief–mainly because they are almost certain to avoid a filibuster fight in the Senate–many lawmakers and pro-Israel activists in both parties are furious over the approval of what many believe should’ve been subject to treaty ratification. Rather than needing 41 votes to approve the deal, President Obama and supporting Democrats would have needed 67 votes in the Senate to ratify the deal.

According to PPD tracking of the average of polls on the Iran deal, opposition has held steady since the president announced the agreement with the regime in Tehran. On average, 58% of Americans oppose the deal negotiated by the president and Secretary of State John Kerry, while just 29% on average support it.

“It is the best option available to prevent Iran from acquiring a nuclear weapon,” Sen. Casey said. “It places strict limitations on Iran’s nuclear program, requires robust monitoring and verification measures, and grants relief only from nuclear sanctions in exchange for verified actions on Iran’s part.”

When Sen. Jeff Flake, R-Ariz., announced in mid-August he would vote “no” on the agreement, it was the end of any hope at the White House that the deal would enjoy bipartisan support in Congress. Ironically, opposition to the deal not only enjoys a large majority among the American people but also bipartisan support.

For Coons, who is up for reelection in 2016, said he was concerned that rejecting the deal would weaken Obama’s ability to keep a united allied front against Iran. The first-term senator from Delaware, who only won his seat because a tea party candidate defeated then-Rep. Mike Castle, says he’s convinced the added inspections of Iran’s facilities will keep the alliance together.

“In a very hard choice between either rejecting the agreement and taking on the uncertainty and risks of compelling a return to sanctions and negotiations or a path that accepts the positives of this deal and attempts to manage and minimize the short and long term consequences of its flaws,” Coons said, “I choose the latter.”

However, he failed to comment on a recent report exposing a previously undisclosed side deal between Iran and the U.N.’s International Atomic Energy Agency that would allow Tehran to use its own inspectors to investigate a site it has been accused of using to develop nuclear arms. In response to the report, which was based on a document obtained by the AP, Sen. Lindsey Graham, R-S.C., threatened to cut off U.S. funding of the IAEA.

Nevertheless, the reason for public opposition to the deal has been consistent and two-fold. First, Americans do not believe Iran will keep their end of the deal and, second, they do not think that it will make the world and/or region a safer place. A whopping three-quarters (75 percent) of voters say Iran cannot be trusted to honor the agreement (75 percent), which includes almost all Republicans (93 percent), most independents (80 percent) and even a majority of Democrats (59 percent).

Sen. Chris Coons, D-Delaware, and Sen. Bob

Sports

shoeless joe jackson

File photo: Shoeless Joe Jackson.

Major League Baseball Commissioner Rob Manfred rejected an attempt to overturn a lifetime ban and consider Shoeless Joe Jackson for the Baseball Hall of Fame. Supporters of legendary baseball star of the 1919 Chicago White Sox–who allegedly threw the World Series to the Cincinnati Reds–made Manfred’s letter public on their Facebook page.

“I agree with that determination and conclude that it would not be appropriate for me to re-open this matter,” Manfred wrote to the officials at the Joe Jackson Museum in Greenville, S.C. “Finally, I have reviewed our records concerning the responses of of both Commissioner Giamatti and Commissioner Vincent, who declined to reconsider Mr. Jackson’s case. Commissioner Giamatti determined that ‘The Jackson case is now best given to historical analysis and debate as opposed to a present-day review with an eye to reinstatement.'”

Museum curator Arlene Marcley had written Manfred in June and he made his decision known in July. Jackson held a lifetime .356 batting average–the third-highest of all time–but was banned in 1920 when he and seven other players were accused of taking $5,000 each to lose the series. Jackson’s supporters have repeatedly disputed that he took part in game-fixing, and note that he batted .375 with a then-record 12 hits, and play flawlessly in the outfield during that particular World Series. After Jackson was indicted, legend has it that a youngster confronted him outside court, and pleaded, “Say it ain’t so, Joe.”

All eight players were eventually acquitted at trial, but then-Commissioner Kenesaw Mountain Landis banned all 8 of them for life. Subsequent MLB officials have refused to overturn the ban and make Jackson eligible to be in the Hall of Fame. Landis died in 1951.

Major League Baseball Commissioner Rob Manfred denied

Economy

home-foreclosures

National and State Mortgage Risk Indices are tracked and released by AEI’s International Center on Housing Risk.

The composite National Mortgage Risk Index (NMRI) for Agency purchase loans stood at 12.09% in July, continuing the composite’s trend of year-over-year increases since January 2014. The NMRI, which is conducted by AEI’s International Center on Housing Risk and gauges the degree of risk in the post-sub-prime housing market, ticked down 0.2 percentage point from the average for the prior three months. However, it is up 0.6 percentage point from a year earlier.

Perhaps even more concerning is that agency loan originations continued to migrate from large banks to nonbanks in July. This shift in market share has accounted for much of the upward trend in the composite NMRI, as nonbank lending is substantially riskier than the large bank business it replaces. Considering the composite’s results, the survey’s directors say home price data should be analyzed in context. The S&P/Case Shiller composite index of 20 metropolitan areas in June gained 5.0% on a year-over-year basis, slightly quicker than the 4.9% rate in May.

“Historically low mortgage rates, an improving labor market, and loose credit standards especially for first time buyers, combined with a 35-month-long seller’s market for existing homes, continue to drive up home prices faster than income growth,” said Edward Pinto, c-odirector of AEI’s International Center on Housing Risk. “Increasing leverage in a seller’s market is pushing up real home prices (now 12.5 percent above the trough reached in 2012:Q2) moving the goal post further away for many aspiring low- and middle-income homebuyers.”

The NMRI results are based on nearly the universe of home purchase loans with a government guarantee and, in the month of July, the composite data included 264,000 such purchase loans, up 12% from a year earlier. With the addition of these loans, the total number of loans that have been risk rated in the NMRI since November 2012 increased to 6.7 million.

“FHA’s premium cut does not appear to have achieved its goal of increasing access to homeownership,” said Stephen Oliner, codirector of AEI’s International Center on Housing Risk. “Rather, FHA largely has stolen business from other government agencies and has enabled borrowers to buy more expensive homes.”

Other notable takeaways from the July NMRI include the following:

• The NMRI for first-time buyers hit 15.40%, up 0.9 percentage point from a year earlier, and well above the Repeat Buyer NMRI of 9.68%.

• The Spring homebuying season has been very strong, buoyed by robust first-time buyer volume driven by an improving job market and increasing leverage.

• About 140,000 purchase loans for first-time buyers were added in July, up almost 16% from a
year earlier, bringing the total number of first-time home buyer loans in the NMRI to 3.0 million
(April 2013 – July 2015).

• A non-stop seller’s market since September 2012 has been fueled by historically low mortgage rates and high, growing leverage. As a result, real home prices have been increasing since 2012:Q3, far outstripping income growth and crimping affordability.

• Credit standards for first-time home buyers are not tight.

• In July, 71% had down payments of 5% or less, 25% had DTIs greater than the QM limit of
43%, and the median FICO score was 709, a bit below the median for all individuals in the
U.S.

• 20.7% of first-time buyers in July had subprime credit (a FICO score below 660), up from
18.9% in July 2014

• The reduction in FHA’s mortgage insurance premium cut has boosted its market share to 29.1% in July from 23.7% in July 2014.

• This increase has come at the expense of its most direct competitors: Fannie Mae (July
market share at 33.5% down from 36.7% in July 2014) and the Rural Housing Service (July
market share at 3.3% down from 5.1% in July 2014).

• Riskier FHA loans have been used to purchase higher priced homes.

• The collapse in large-bank market share continued in July, offset by nonbanks, which have a much higher MRI.

The composite National Mortgage Risk Index (NMRI)

Economy

U.S. Manufacturing Sector Grows at Weakest Pace in Two Years

ISM-manufacturing-index

The Institute for Supply Management’s Manufacturing Report On Business Survey. (Photo: REUTERS)

The Institute for Supply Management’s Manufacturing Report on Business index of factory activity fell to 51.1 in August from 52.7 in July.

While economic activity in the manufacturing sector expanded in August for the 32nd consecutive month, reading came in below Wall Street’s expected decline to 52.6. Readings above 50 point to expansion, while those below 50 indicate contraction.

“The August PMI® registered 51.1 percent, a decrease of 1.6 percentage points from the July reading of 52.7 percent. The New Orders Index registered 51.7 percent, a decrease of 4.8 percentage points from the reading of 56.5 percent in July,” said Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management Manufacturing Business Survey Committee. “The Production Index registered 53.6 percent, 2.4 percentage points below the July reading of 56 percent. The Employment Index registered 51.2 percent, 1.5 percentage points below the July reading of 52.7 percent.”

Meanwhile, Wall Street reacted to the weak global manufacturing data by selling off crude and equity positions early in the morning straight through the closing bell. China’s official Purchasing Managers’ Index (PMI) dropped to 49.7 in August from 50.0 in July, reinforcing fears about slowing global economic and manufacturing sector growth.

“Almost all of the world manufacturing powerhouses are nestled between 47 and 53 with the eurozone the best example of strength and China the poster child for manufacturing struggling,” IHS U.S. Economist Michael Montogmery wrote in a research note Tuesday. “U.S. manufacturing is somewhere in the upper third or that range, but no longer the locomotive as it digests bad foreign trade prospects and holding too much inventory in the system.”

Still, of the 18 manufacturing industries, 10 are reporting growth in August in the following order: Textile Mills; Furniture & Related Products; Paper Products; Nonmetallic Mineral Products; Chemical Products; Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; Fabricated Metal Products; Plastics & Rubber Products; and Machinery. The six industries reporting contraction in August — listed in order — are: Apparel, Leather & Allied Products; Primary Metals; Electrical Equipment, Appliances & Components; Petroleum & Coal Products; Computer & Electronic Products; and Transportation Equipment.

“Inventories of raw materials registered 48.5 percent, a decrease of 1 percentage point from the July reading of 49.5 percent. The Prices Index registered 39 percent, down 5 percentage points from the July reading of 44 percent, indicating lower raw materials prices for the 10th consecutive month,” Holcomb added. “The New Export Orders Index registered 46.5 percent, down 1.5 percentage points from the July reading of 48 percent. Comments from the panel reflect a mix of modest to strong growth depending upon the specific industry, the positive impact of lower raw materials prices, but also a continuing concern over export growth.”

Nevertheless, the PMI showed U.S. manufacturing sector growth slowed in August to its weakest pace in more than two years.

MANUFACTURING AT A GLANCE
AUGUST 2015
Index Series
Index
Aug		 Series
Index
Jul		 Percentage
Point
Change		 Direction Rate
of
Change		 Trend*
(Months)
PMI® 51.1 52.7 -1.6 Growing Slower 32
New Orders 51.7 56.5 -4.8 Growing Slower 33
Production 53.6 56.0 -2.4 Growing Slower 36
Employment 51.2 52.7 -1.5 Growing Slower 4
Supplier Deliveries 50.7 48.9 +1.8 Slowing From Faster 1
Inventories 48.5 49.5 -1.0 Contracting Faster 2
Customers’ Inventories 53.0 44.0 +9.0 Too High From
Too Low		 1
Prices 39.0 44.0 -5.0 Decreasing Faster 10
Backlog of Orders 46.5 42.5 +4.0 Contracting Slower 3
Exports 46.5 48.0 -1.5 Contracting Faster 3
Imports 51.5 52.0 -0.5 Growing Slower 31
OVERALL ECONOMY Growing Slower 75
Manufacturing Sector Growing Slower 32

Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Supplier Deliveries indexes.

*Number of months moving in current direction.

The Institute for Supply Management’s Manufacturing Report

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