ISM January Indices: A Strong Month
The Institute For Supply Management’s Manufacturing Index, released on Wednesday, increased to 54.1% in January from a revised (due to adjustments of seasonal factors) 53.1%. Any reading about 50% indicates expansion.
ISM’s Non Manufacturing Index released today increased bigtime to 56.8% in January from a revised 53.0%.
Both readings significantly exceeded expectations.
Positive results are always welcome. The ISM’s results are consistent with today’s pretty strong employment report, but don’t square with the frustration at the recovery’s slowness expressed by Ben Bernanke yesterday or the anemic projections for economic growth in 2012. We’ll have to see down the road who’s right, ISM’s survey participants or the DC keyboard jockeys.
Looks like the economy is somewhat improving since the Tea Party and Conservatives stopped Obama’s economic terrorism (i.e. The Conservative Effect). If only the Republicans would help.
Comment by Joe C. — February 3, 2012 @ 1:19 pm
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