US manufacturing data released this morning by ISM showed a growing rebound in Americans producing goods since the end of the majority of the lockdowns, bringing President Trump’s manufacturing focus again into light. The data suggests that if Trump wins, and keeps the economy open, jobs will continue to return to American factories.
The U.S. manufacturing numbers were the highest in two years.
Of course, former Vice President Biden and Kamala Harris have publicly announced they will shut down the American economy once again, handing the global economic lead to the Chinese Communist Party.
This is not biased news…this is simply a fact.
Tomorrow’s election will have consequences.
Financial markets were up over one percent today on the news.
Markit Manufacturing PMI (Oct) printed at 53.4 vs 53.3 consensus estimate.
ISM Manufacturing Employment Index (Oct) printed at 53.2 vs 40.9 estimate.
ISM Manufacturing PMI (Oct) printed at 59.3 vs 55.8 estimate.
ISM Manufacturing Prices Paid (Oct) printed at 65.5 vs 60 estimate.
ISM Manufacturing New Orders Index (Oct) printed at 67.9 vs 45.9 estimate.
Construction Spending (MoM) (Sep) printed at 0.3% vs 1% estimate.