They measure the breadth of improvement, but not the magnitude of it -- if a lot of people see things getting just a little better, that can produce a very strong ISM number.
More Quotes from David Sloan:
Some have claimed it has a good relationship with the payroll (report), but we do not see its relationship as very impressive,David Sloan
When the students come back the second year after working during the summer with the technicians, their whole attitude changes, not only toward the automotive side but the academic side of education.
David Sloan
I would put more attention to (ex-autos data) because it has confirmed that consumers are definitely feeling the pinch from higher energy prices.
David Sloan
The number was stunningly strong. It will certainly cause people to reassess their views on the manufacturing outlook.
David Sloan
The comments seemed reasonably hawkish. The Fed is concerned about inflationary pressures..It's certainly clear they are plan to continue to tighten.
David Sloan
The ISM data really do look very strong, but you have to remember that these surveys simply ask whether things are getting better, getting worse, or staying the same,
David Sloan
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