Wednesday, June 1, 2016

ISM manufacturing suggests shallow industrial recession bottomed in March


 - by New Deal democrat

This morning's ISM manufacturing index featured strong new orders growth for the 3rd straight month, and a continuing stout contraction in inventories.

Based on a nearly 70 year history, this adds strongly to the accumulating evidence that the shallow industrial recession has, in fact, bottomed.  This post is up at XE.com.