Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers
MishTalk
NOVEMBER 20, 2015
factory activity grew last month at its slowest pace since May 2013 as manufacturers pared their stockpiles and cut jobs. Sales of Class 8 heavy trucks are on pace for one of the best years in history - around 260,000 units in North America. The Institute for Supply Management’s index of factory activity slipped to 50.1 in September.
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