Some excellent indicators today of a strong economy with low inflation............The ISM came in better than expected and hit a 14 month high concurrenlty as interest rates headed lower. The 10 year dipped below 5% to 4.99%, once again signifying that there is not an inflation threat out there.
"The June ISM national manufacturing survey came in at 56.0. This was up a bit from 55.0 in May and was about in line with expectations. It represents good news in that it reflects steady and decent growth for manufacturing. A reading above 50 is intended to show growth for the sector."
-courtesy of Briefing.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment