Question: What economic indicator will you monitor most closely in 2019?
Bob Rauch, R.A. Rauch & Associates
Answer: ISM surveys
I believe that the Institute of Supply Management (ISM) provides the best indication of going forward results. The ISM surveys purchasing managers and has been published monthly since 1931. The report includes the Purchasing Managers Index (PMI) that measures new orders, production, employment and supplier deliveries and was developed in 1982 with the U.S. Department of Commerce.
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