-
-
-
-
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
-
22 Aug, 2016
Negative Negative is Positive
Housing is a small part of the larger economic picture, contributing only about 5% to GDP (although includingÂall ...
-
27 Oct, 2014
The Present is the Future (at least in bond land)
In our long-term assumptions, we generally assume that the total return in fixed income is pretty close to its starting ...
-
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 ...
-