Big Miss in Construction Spending; Aug Manufaturing ISM

By Malcolm “Mudduckk” Campbell

The August 2012 Manufacturing ISM report is out. Full report here. While the general report comes in sub 50 for third month indicating a trend toward contraction in the manufacturing sector, the construction sub-component missed expectations by the widest amount in 12 months.  See chart below.

Bottom line is there is some tough sledding ahead.

Implications suggest continued lean operating principals for low overhead contractors like Mosaic. Contain costs, refrain from foolish debt, reign in receivables, and take care in selecting the next project.

Malcolm “Mudduckk” Campbell is a tile installer in Toledo, Ohio. Tilers play in the mud! Toledo is home of the Mud Hens minor league baseball, sometimes call the Mud Ducks. So you know a tile setter from Toledo would have to go by the nickname “Mudduckk.”  In fact, there could be many Mudduckks in Toledo, but only one of them is tops in Google Search. That one is Malcolm. Got Tile? Google: Mudduckk!