Subject Line: PMI up at 54.2 but Subindexes Soften.

Blurb:

Don't be misled by media sources that misinterpret the direction and strength of the Purchasing Manager's Index number of 54.2 when New Orders, Production, and Employment are growing, Supplier Deliveries are slowing, Backlog is growing, Raw Materials Inventories are growing; Customers’ Inventories are seen as too low, Prices are decreasing, and Exports and Imports are growing according to Tim Fiore, Committee Chair of the ISM's Manufacturing Report on Business(R) in this discussion with Manufacturing Talk Radio hosts Lew Weiss and Tim Grady.

The February 2019 ISM Manufacturing Report On Business

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