Heterodox
Manufacturing continues red hot, while construction gains completely consumed by inflation February monthly data started out this morning with the ISM manufacturing report. The index, especially its new orders subindex, is an important short leading indicator for the production sector. In February the index rose from 57.6 to 58.6, as did the more leading new orders subindex, which rose from 57.9 to 61.7. Since the breakeven point between...
Read More »Manufacturing continues red hot, while construction gains completely consumed by inflation
