Monday, April 2, 2012

All Quiet on the Manufacturing Front

The Lehmann Letter (SM)

Today’s leading manufacturing indicator – The Institute for Supply Management’s Purchasing Managers’ Index – was little changed from the previous month:

The chart shows the index hovering just above 50 lately, so March’s 53.4 revealed continued, steady improvement. (Any reading above 50 is expansionary.)

Purchasing Managers’ Index
(Click on chart to enlarge)

(Recessions shaded)

April has begun quietly but well. We’ll stay tuned.

(To be fully informed visit

© 2012 Michael B. Lehmann

No comments: