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By Hale Stewart (originally published at Bonddad blog) ISM Reports Show Broad Economic Strength: Latest Nowcasts are Strong The latest ISM reports are out and both show broad strenght. The new orders and production component of the manufacturing report were very strong (up +.6 to 64 and +2.9 to 63.9, respectively). The anecdotal comments were very bullish: The service sector numbers were also strong: production +.9 to 62.2. New orders were off marginally: -.2 to 62.8. The comments were a bit weaker: They highlight several areas of concern: Obamacare uncertainty, a somewhat flat oil sector and hurriance issues still hurting some industries. Both of these indciate strong future GDP growth, which we also see in the latest Nowcasts from
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By Hale Stewart (originally published at Bonddad blog) ISM Reports Show Broad Economic Strength: Latest Nowcasts are Strong The latest ISM reports are out and both show broad strenght. The new orders and production component of the manufacturing report were very strong (up +.6 to 64 and +2.9 to 63.9, respectively). The anecdotal comments were very bullish: The service sector numbers were also strong: production +.9 to 62.2. New orders were off marginally: -.2 to 62.8. The comments were a bit weaker: They highlight several areas of concern: Obamacare uncertainty, a somewhat flat oil sector and hurriance issues still hurting some industries. Both of these indciate strong future GDP growth, which we also see in the latest Nowcasts from
Topics:
Dan Crawford considers the following as important: US/Global Economics
This could be interesting, too:
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by Hale Stewart (originally published at Bonddad blog)
ISM Reports Show Broad Economic Strength: Latest Nowcasts are Strong
The latest ISM reports are out and both show broad strenght. The new orders and production component of the manufacturing report were very strong (up +.6 to 64 and +2.9 to 63.9, respectively). The anecdotal comments were very bullish:
The service sector numbers were also strong: production +.9 to 62.2. New orders were off marginally: -.2 to 62.8. The comments were a bit weaker:
They highlight several areas of concern: Obamacare uncertainty, a somewhat flat oil sector and hurriance issues still hurting some industries.
Both of these indciate strong future GDP growth, which we also see in the latest Nowcasts from the Atlanta and NY Fed:
