Question: What economic indicator will you monitor most closely in 2018?
Bob Rauch: Purchasing Management Index
The Institute of Supply Management (ISM) provides monthly data that shows trends in U.S. manufacturing. Their Dec. 1, 2017, report shows that new orders, production and employment are continuing to grow, inventories are contracting and supplier deliveries are slowing. Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 102nd consecutive month. These are key indicators of economic growth for 2018. This benchmark data has been most accurate for me.
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