(Photo by Serhat Zafer/Anadolu Agency via Getty ... [+] Images) Anadolu Agency via Getty ImagesA few days ago, the Institute of Supply Management (ISM) released its closely watched report on manufacturing. The ISM algorithm suggests that this level is consistent with annual real GDP growth of 1.5%. Real growth came roaring into 2019. The ISM manufacturing index for the first three months of the year averaged 55.2%, well above recent figures and consistent with annual real GDP growth of better than 3%. The detail of the ISM report does more to confirm this less exciting but also less frightening prospect.

Source: Forbes December 04, 2019 16:41 UTC