Swiss Economicblogs.org
The ISM indices signal a broad-based upturn in US economic activity and are consistent with our forecast of GDP growth of 2.5% in the third quarter. Figures released at the beginning of October revealed that the US ISM Manufacturing index rose to 51.5 in September from 49.4 in August, above consensus expectations (50.4). The ISM Non-Manufacturing ISM index posted its largest month over month increase on record, rising to a solid 57.1 in September from 51.4 in August.Forward-looking...
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