– by New Deal democrat Most official data series remain about one month behind their normal schedule, despite the government shutdown having ended over three months ago. Thus the ISM manufacturing and services reports, as well as the regional Fed manufacturing and services reports, remain the most timely overall barometers of the economy. In the past […]

Usually, I place New Deal democrat’s title for his post above. I made it simpler for readers this time to get his point across. Briefly: Between the combination of manufacturing (25% of the economy) and non-manufacturing (75% of the economy), the economic growth of the nation is moving like a slug or as New Deal […]

  – by New Deal democrat [Note: I’ll report separately on construction spending, also released this morning] Although manufacturing is of diminishing importance to the economy, (it was in deep contraction both in 2015-16 and again in 2022 without any recession), the ISM manufacturing index remains an important indicator with a 75+ year history of accurately describing […]