What A V-Shaped Recovery Looks Like: Purchasing Managers’ Measure Of Orders Reaches Highest Point Since 2004 (Q3 GDP Forecast Rises To 29% QoQ)
by confoundedinterest17 The purchasing managers group’s measure of orders, which jumped more than 6 points, reached the highest point since the start of 2004. The increase in bookings, along with declining inventories, should continue to underpin production. The ISM’s gauge of output improved to a more than two-year high, though factory employment remained weak. Improved factory activity, … Read more