Recent Manufacturing and Service Data For US Very Bullish
By: HaleStewartWhile today's employment report will undoubtedly be the big US economic headline of the week, the ISM manufacturing and service sectors numbers are just as important in their bullish implications. Here is a 5-year chart of the composite readings for both: The service sector (red line) is at a 5-year high while the manufacturing number (blue line) is approaching that level. 17 of 18 manufacturing industries reported growth while 15 of 17 service sectors reporting the same. Read more
