Swiss Economicblogs.org
August’s US ISM manufacturing survey rise confirms that economic momentum is strong.The flagship ISM manufacturing survey, a series released by the Institute for Supply Management, with data going back to 1948, rose to 61.3 in August, its highest level since May 2004. Details of the survey were strong, for instance ‘new orders’ rose to 65.1, from 60.2 in July. The ISM index is a diffusion index, with any reading above 50 indicating expansion in activity.These healthy data are another...
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