12.2.21 3 Takeaways from ISM’s Manufacturing Report
With recent concerns about Federal Reserve (Fed) policy and the Omicron variant, it’s easy to forget that we’re in a period of economic acceleration, although now with some added uncertainty. Yesterday’s manufacturing data confirmed that overall positive trend. The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index (PMI) remained elevated at 61.2 in November, basically in line with the consensus expectation. The competing manufacturing PMI from Markit, at 59.1, was a solid upside surprise versus consensus.
“Manufacturing is still facing supply chain challenges, but deman
... Read more