US: ISM preview, November |
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Last month ISM jumped 3.1 index points to 55.7 and hence continued its march upwards. The index is now at levels consistent with above trend growth. The strong reading was supported by very strong details specifically the production and employment sub indices surprised positively, thus signalling positive readings in total private payrolls. However, the new orders index declined slightly, suggesting that the upward momentum in ISM has peaked for now. The local surveys have in general been
Filed under: Fundamental
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