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Devil in the Manufacturing Data: Inventory
Wednesday, 01 July 2009 17:54

The manufacturing sector, like the rest of the economy, seems poised to end a long slump. But it still isn't guaranteed a robust recovery.

 

On Wednesday, the Institute for Supply Management is due to release its manufacturing index for June. This index is widely considered one of the most important economic indicators, after the monthly jobs report. Economists think it rose to 45, which would be the highest reading since the Lehman Brothers meltdown last September.

 

Source: Wall Street Journal

 

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