EconoMeter predictions for 2016
from San Diego Union Tribune’s EconoMeter panel.
Q: What one economic indicator will you be focusing on most in 2016?
Bob’s Answer: Purchasing managers
The economic indicator I will be watching in 2016 is the survey by the Institute for Supply Management (ISM). This survey of purchasing managers comes out the first business day of each month and represents the most influential statistic released by the private sector.
Inside the ISM report, 20 different business sectors are probed for strength and weakness.
There is too much politics in government released data despite the importance of jobs, CPI, GDP, etc.