Ian Shepherdson Guide Quotations

After 9/11, the index made up all the ground lost, and more, by January '02, ... This seems as good a guide as any now, though in the meantime we expect a couple of very rough months for consumers' spending.

After 9/11, the index made up all the ground lost, and more, by January '02. This seems as good a guide as any now, though in the meantime we expect a couple of very rough months for consumers' spending.

This is something of a surprise, given the relative strength of most of the regional surveys. The latter are not always a perfect guide to the national ISM but they rarely send such a clear, but wrong, signal.