Today the economic indicator ISM industry for February will be released |
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Today’s Comment Today the economic indicator ISM industry for February will be released. In January, the economic trend indicator rose to the highest level since August 2004. As ISM industry correlates quite strongly with GDP and industrial production, this indicates quite strong growth. So far, ISM has increased so steeply that it indicates a relatively strong upswing. We estimate that ISM declined somewhat in February. This is due to a number of special factors while the fundamental
Filed under: Technical
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