Another Huge V-Sign of Economic Recovery: ISM Hits 5 1/2 Year High, Predicts GDP Growth = 5.5%
More from Brian Wesbury and Bob Stein:
"If this isn’t a V-shaped recovery, we don’t know what is. Today’s ISM Manufacturing report blew away consensus expectations, surging to the highest level since 2004. The increase in
the ISM shows that the strong real GDP growth of late 2009 was not some kind of one-off inventory-related fluke, but is continuing into 2010. According to the Institute for Supply Management, which publishes the ISM report, an overall index reading of 58.4 is
consistent with real economic growth at a 5.5% annual rate."