All Posts Tagged: Institute of Supply Management

U.S. Outlook: Evidence of growth rebound stacks up

Scott Anderson
Chief Economist

This week’s economic data is promising on several fronts.

Graph of Surprise IndexFor starters, the Institute of Supply Managements’s forward-looking index of new orders for non-manufacturing items rose to the highest level since 2011.

For more on the latest economic developments to watch, see higlighhts of my weekly economic analysis below, followed by a link to the full U.S. Outlook report, delivered on June 6, 2014.

Key observations:
  • Recent economic data suggests the U.S. economy is shifting into a higher gear in the second quarter.
  • Signs are emerging of improving business confidence in the U.S. economy.
  • Housing construction will march higher in the second quarter.
  • I expect an increase in business investment spending may be just around the corner.

Click here to read my full report.

 

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