The further rise in the ISM manufacturing index in August indicates that, while manufacturing production has continued to recover, it is still badly lagging the stronger turnaround in spending. The upshot is that inventories are now looking very lean, pointing to further gains in production in the months ahead and, unusually for this stage of the cycle, probably upward pressure on goods price inflation too.

Read the publication ISM Manufacturing Index (Aug.) on the Capital Economics Website.

For more info about this post:

View Source

close

Get notified when there is a new post. Read new post to earn 10 points!

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Leave a Reply

Your email address will not be published. Required fields are marked *