Aug 2 2013, 09:14 AM
DJIA and S&P 500 all time high.
- PMI registered 55.4%, an increase of 4.5 percentage points from June’s 50.9%, the highest of the year and indicating expansion in the manufacturing sector for the second month in a row.
- The New Orders Index increased in July by 6.4 percentage points to 58.3%.
- The Production Index increased by 11.6 percentage points to 65%.
- The Employment Index registered 54.4%, an increase of 5.7 percentage points from June.
- The Prices Index fell 3.5 percentage points to 49%, indicating that overall raw materials prices decreased from last month.
- Comments from the panel generally indicate stable demand and slowly improving business conditions.
- Of the 18 manufacturing industries covered, 13 reported growth.
http://247wallst.com/economy/2013/08/01/is...all-time-highs/
Economy recovering.QE tapering soon?
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