Report
Data Round-Up: PMI Shows Mfg Contraction, Still Points to +2% Real GDP in 15Q4
posted by Michael Lewis on December 01, 2015
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Headline
Yesterday, we wrote that “the national PMI may slip below 50, the break-even point, for the first time in three years. This mostly reflects still-considerable inventory excesses… FMI expects better PMI results in 2016.” This appears to be the case.
Abstract
FMI’s analyses of this morning’s November PMI survey and October Construction report.