The latest ISM reports are out and both show broad strenght. The new orders and production component of the manufacturing report were very strong (up +.6 to 64 and +2.9 to 63.9, respectively). The anecdotal comments were very bullish:
The service sector numbers were also strong: production +.9 to 62.2. New orders were off marginally: -.2 to 62.8. The comments were a bit weaker:
They highlight several areas of concern: Obamacare uncertainty, a somewhat flat oil sector and hurriance issues still hurting some industries.