FYI: After three declines in the last four months, the ISM Manufacturing Index for January showed a nice rebound rising from 54.3 up to 56.6 versus expectations for a decline to 54.0. Commentary in the report was also generally positive. While there was some caution with statements like, “Unlike in the last few years, we are experiencing a first-quarter slowdown,” the majority of comments were more along the lines of this one from the Machinery sector: “We continue to enjoy the benefits of a strong general economy. We are busy and maintain a backlog of sales orders.”
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/ism-manufacturing-rebounds-2/
