Purchasing Managers Index – Rising Again

February 3, 2010 1:22 pm

The purchasing managers index has been rising at a regular clip over the last few months. That is a sign that there is activity ion the manufacturing end of the economy. It is also a confirmation of the GDP inventory component that occupied 3.4% or so of the 5.7% –  4th quarter GDP print.

Generally, this was expected and did not surprise the markets. A positive overall statement for the economy.

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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

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