Manufacturing Momentum Predicts Consumer Spend Recovery
PYMNTS
NOVEMBER 2, 2020
To that end, the latest data from the Institute of Supply Management (ISM) showed on Monday (Nov. The report from the ISM Manufacturing Report on Business PMI (a gauge of national factory activity) stood at 59.3, Consensus had pegged the PMI (purchasing manager’s index) to come in at 56. Seems like the rebound has legs.
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