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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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Dan Crawford considers the following as important: US/Global Economics
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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:
