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ISM Manufacturing Points to Upside Surprise

Or at least a bottoming in the manufacturing downturn. Credit Writedowns with the bullish details:If you have been wondering whether a statistical recovery is at hand, today’s ISM manufacturing report should be the clincher. The report was definitely bullish with the ISM index rising to 55.7 and sub-components supporting the understanding that the manufacturing sector is expanding. This is quite a contrast to last month’s weak data and demonstrates that last month was a one-month aberration in....

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