Any wonder there are supply chain shortages?
What is the ISM?
What Is the ISM Manufacturing Index?
The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. It is considered to be a key indicator of the state of the U.S. economy.
An index of more than 50 indicates an expansion in the manufacturing segment of the economy in comparison with the previous month while a reading of 50 indicates no change and a reading below 50 suggests a contraction of the manufacturing sector.
Link here: this is the highest ISM in over ten years; the previous high? 64.
Boom! Link here.
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A Musical Interlude
A Musical Interlude
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