We are concerned that the ISM activity indices are painting a misleading picture of the strength of the economy. We’re inclined to place more faith in the Markit PMIs, which point to more realistic annualised rates of GDP and manufacturing output growth of around 2.5% and 5.0% respectively.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services