Summary: ISM purchasing managers index (PMI) up; above consensus expectation; highest reading since 1983; implies US economy growing at rapid pace. US purchasing managers' index (PMI) readings reached a cyclical peak in September 2017 before they started a downtrend which ended in March 2020 with a contraction in US manufacturing which lasted until June 2020. Subsequent month’s readings implied growth had resumed and the early months of 2021 have...