Feb 2, 11 •
155 Views •
Developing Economies, Economic Thinkers, International Trade and Finance, Labor, Macroeconomic Measurement, Thinking Economically •
Elaine Schwartz •
At 60.8 percent, the Institute for Supply Management’s (ISM) measure of manufacturing activity was way up, far more than anyone expected. Reflecting expansion, any number above 50 is good. So robust a number takes us to a question. If production is
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