July manufacturing numbers

Leonidas · 08-01-2006, 12:23 PM

The Institute for Supply Management released its July report for manufacturing (the non-manufacturing report comes out a few days later):

The July PMI indicates that both the overall economy and the manufacturing sector are growing. "The past relationship between the PMI and the overall economy indicates that the average PMI for January through July (55.3 percent) corresponds to a 4.6 percent increase in real gross domestic product (GDP). In addition, if the PMI for July (54.7 percent) is annualized, it corresponds to a 4.4 percent increase in real GDP annually."

IBWino · 08-01-2006, 12:32 PM

Coupled with the inflation news from earlier today, it's looking pretty likely the Fed will give rates another boost.

08-01-2006, 12:23 PM	#1
Leonidas Thinks s/he gets paid by the post Join Date: May 2006 Posts: 1,271	July manufacturing numbers The Institute for Supply Management released its July report for manufacturing (the non-manufacturing report comes out a few days later): The July PMI indicates that both the overall economy and the manufacturing sector are growing. "The past relationship between the PMI and the overall economy indicates that the average PMI for January through July (55.3 percent) corresponds to a 4.6 percent increase in real gross domestic product (GDP). In addition, if the PMI for July (54.7 percent) is annualized, it corresponds to a 4.4 percent increase in real GDP annually." __________________ "If everything is under control, you are going too slow." - Mario Andretti

08-01-2006, 12:32 PM	#2
IBWino Recycles dryer sheets Join Date: May 2006 Posts: 113	Re: July manufacturing numbers Coupled with the inflation news from earlier today, it's looking pretty likely the Fed will give rates another boost.

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