ISM PMI report indicates “strong momentum at the start of Q4”

02 November 2020

 

Summary: ISM purchasing managers index (PMI) up; reading well above consensus expectation; “strong momentum at the start of Q4”; reading implies US economy growing at solid pace.   US purchasing managers' index (PMI) readings reached a cyclical peak in September 2017 before they started a downtrend which stabilised in late 2019 after a truce of sorts was made with the Chinese regarding trade. March’s report signalled a contraction in US...

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