Replies

RE: Consider the source, folks....

Actually, if you read the article, the source is not IHS Markit. They were simply taking their data from the Purchasing Managers Index (PMI).

The Purchasing Managers’ Index (PMI) is an index of the prevailing direction of economic trends in the manufacturing and service sectors.

The PMI is compiled and released monthly by the Institute for Supply Management (ISM). The PMI is based on a monthly survey sent to senior executives at more than 400 companies in 19 primary industries, which are weighted by their contribution to U.S. GDP.

*THAT* is the source.

Now, if you doubt the accuracy of this source, maybe you can provide us with a better indicator of manufacturing direction...