Quote:
Originally Posted by AVGWarhawk
your source is contridictory to what is stated in the original post. Manufacturing dipped in the OP. Here yours say it is trending up.  Double talk! |
The ISM report is a measurement of manufacturing activity for March. They take a survey of respondents and ask questions like "did you make more product this month than you did last month?" and "what percentage of capacity is your operation currently running at?" in order to get a read on actual manufacturing
activity.
The payroll report is simply payrolls - employees only. So you can have a one month dip in manufacturing due to all kinds of factors - weather, supply shortages, order cancellations, etc - but if you're a manufacturer and foresee stronger economic times in general going forward, you may be hiring workers to ensure you can ramp up your operation when needed. So it is possible to have both.