Not all 50.8s are alike: ISM
- This is a particularly strong 50.8, ISM’s Hocomb says
- There is a positive tone underlying the data
- Sensing more optimism in responses
I normally don’t go into the components of PMIs as the index is what it is, a collection of sub-indexes. This particular release shows a rise in new orders and a drop inventories and prices, a good combo…
I’ll stick with my philosophy that it is what it is: a little weaker than we’d have liked.