November ISM = 56.6

The ISM for November came out at 56.6 which beat Wall Street’s view by 0.1. The ISM has now been above 52.4 for 16 months in a row.

Two other items to pass along this morning: First, the dollar was the top-performing asset last month. The greenback beat stocks, bonds and commodities. This news will completely baffle the legions who have predicted the dollar’s imminent demise.

Second, Q3 productivity was revised higher to 2.3%.

Posted by on December 1st, 2010 at 10:07 am


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