Thursday, January 24, 2013

Manufacturing is picking up, but are we in for a disappointment?

U.S. manufacturing PMI from Markit came in stronger than expected today. The trend of manufacturing stabilization (discussed here) is intact. But the sector remains vulnerable. Each year during the post-recession period, we saw manufacturing activity pick up early in the year, just to disappoint later. It remains to be seen if this year will be any different.
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