Report
Data Round-Up: Manufacturing Picking Up as 16Q2 Comes to an End
posted by Michael Lewis on June 30, 2016
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Headline
The national PMI, which fluctuated around a decent 51 this spring, is poised for a modest increase in June. At ~52, the PMI would be consistent with +21⁄2% real GDP growth for 16Q2.
Abstract
Regional manufacturing surveys, most of which recorded a solid start in early spring but then reversed course in May, finished the quarter on an upbeat note. We expect the national PMI to post a slight increase (out on Friday). This would be consistent with our forecast for a bit more than +2.5% real GDP growth in 16Q2.About Michael Lewis
Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.
FMI has compiled a solid record of timely, independent and accurate economic forecasts. FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.
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