-
-
-
-
CIO Insights are written by Angeles' CIO Michael Rosen
Michael has more than 35 years experience as an institutional portfolio manager, investment strategist, trader and academic.
RSS: CIO Blog | All Media
US Manufacturing
Published: 11-04-2014Wow. The good people at the Institute for Supply Management survey American manufacturers every month and ask, “how’s business?” They then create a diffusion index based on those responses: a scale from 0 to 100, where 0 is no one says business is improving and 100 is everyone says it’s getting better. So 50 means it’s evenly split. Historically, 60 has represented a high mark, 40 a low mark, although there have been occasions beyond this range.
The October index jumped to 59, and the new orders index rose to nearly 66. The strong reading translates to a real GDP growth rate of 5.2%. That may be a bit high, but here we have another datum that the US economy is picking up steam.
Related Articles
-
28 Oct, 2021
Basketball is Life
The last commencement address I gave was in 1978. No one remembers what I said. I know this for three reasons:1. I dont ...
-
23 Dec, 2014
GDP
Normally, I wouldn't comment on any single economic release, but today's GDP revision adds to the mounting evidence of a ...
-
20 Aug, 2015
Land of Borat
I probably should not confess to enjoying Borat (full title:ÂBorat: Cultural Learnings of America for Make Benefit ...
-