- by New Deal democrat
February monthly data started out this morning with the ISM manufacturing report. The index, especially its new orders subindex, is an important short leading indicator for the production sector.
In February the index rose from 57.6 to 58.6, as did the more leading new orders subindex, which rose from 57.9 to 61.7. Since the breakeven point between expansion and contraction is 50, these are both very strong numbers - as they have been for most of the past 18 months: