Tainted Alpha

(For December 2010)

ISM Manufacturing Index was reported at 57.0 vs. prior reading of 56.6 and consensus of 57.0.

Unchanged level of the ISM Manufacturing Index suggest December industrial production in the U.S. will grow at current level of 5.5% y-o-y.

Chart 1. ISM Manufacturing vs. Regional Manufacturing Surveys

Chicago Purchasing Managers Index, Empire State Manufacturing Survey, ISM Manufacturing Index, Philadelphia Fed General Business Conditions Index, Richmond FED Manufacturing Survey

This entry was posted on Monday, January 3rd, 2011 at 9:27 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.