Monday, May 2, 2016

April ISM manufacturing new orders strong, inventory liquidation continues

 - by New Deal democrat

I have been tracking and averaging the new orders components of the regional Fed indexes to see if they anticipate the dirrection of the monthly ISM new orders, which in turn is a leading indicator for business sales and industrial production.

This morning' April ISM manufacturing report - the second strong monthly report in a row - is potent evidence of a coming change in trend for manufacturing and industry. (up at