IB Traders Insight - Macro - ISM - When inflation doesnt matter Oh to be an investor trying to navigate the jungle of the US economy! Signs from some areas of the economy show that the economy continues to spring back from its harsh winter, yet others, such as Monday’s manufacturing survey, look less impressive. Analysts had the market prepped for expansion at a faster 55.2 pace before the report, which in the event showed manufacturing activity was slightly less brisk than during April. Instead the index eased by 1.7-points to 53.2 and 0.6-points slower than the six-month average. Of the two standout component pieces, employment and prices paid, the setback for the labor index probably speaks greater volume than does the measure of inflation. Why? Because the economy is used to dealing with volatile commodity input costs, which tend to get smoothed out during the production process. (To read the full article please click bit.ly/1p0MJD8)
Posted on: Mon, 02 Jun 2014 15:18:59 +0000
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