ISM’s Tim Fiore, Committee Chair of the Manufacturing Report on Business(R) covers the October ISM number, still strong at 58.7 but slightly lower than September that hit 60.8. The 60’s tend to be unsustainable for long periods of time unless the economy is overheating, which then typically ends badly. The 50’s are more solid for the long-term health and strength of the economy, so 58.7 is a solid number in the upper range that reflects the 3.0 GDP just reported.
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