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