-
-
-
-
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
-
18 Nov, 2022
Everything Human is Pathetic
This is what comes to my mind as I watch the debacle that is FTX imploding.Most legal documents and court filings are ...
-
24 Oct, 2014
Im Not Dead!
A great line from a great Monty Python movie, and another crisp cover from The Economist: ...
-
29 Oct, 2014
DOUBLE LEVERAGE?
Oil prices are down about $30 from their highs; great news for consumers and the big oil importers (China, Korea, ...
-