ISM in Wonderland (Media Reporting) vs. Reality

by Lee Adler, The Wall Street Examiner The big economic news story on Monday was the ISM Purchasing Managers Index. The headline number was only mildly positive, but it was enough so that Bloomberg was beside itself with joy. “Manufacturing in the U.S. expanded at a faster pace in March, driven by gains in employment …

ISM Manufacturing Survey Improvement Continues

The ISM manufacturing survey January 2011 increased over 5%. Meaning? The direction of ISM correlates to that of industrial production 3-9 months foreward.