Monday, February 4, 2013

US econ reaccelerating

The chart shows the PMI and the ISM, two separate US surveys of manufacturing sentiment about sales, production, etc.  The ISM used to be called the NAPM survey, and it's correlated very well indeed with economic growth, both big and smaller cycles, over 70 years.  The ISM survey has a much shorter history, but the two move more or less together.

Both are strengthening.


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