Tuesday, January 3, 2012

Graphical Representations of Recessionary Woes: ISM PMI

Today, The Institute of Suppy Management Purchasing Managers Index was released. As you can see from the graph, we are finally above the average PMI for 27 quarters after a recession begins.  Thats something to be cheery about.

Overall though the number aren't that spectacular and remain, well, average. The readings for todays release are clearly above 50 which means more managers plan on expanding their operations versus contracting them. Overall this number casts good news over the U.S. sput sputtering economy.

Please Keep Dancin'

Steven J.

1 comment: