Monthly Archives: October 2015
Today’s Purchasing Managers’ Index (PMI) release contained few surprises. It simply confirms the primary U.S. economic trends that have been in place for some time: the economic expansion continues, and its pace remains slow (+2% real GDP growth) relative to past expansions and the economy’s likely underlying potential. The best leading indicator within the report (new orders) has certainly cooled from higher levels a few months ago, but signals the continuation of the expansion.
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