Vehicle sales, durable goods orders, capacity utilization, and factory orders were four of the five indices trending upward.
Housing, metal prices, capital expenditures, and the purchasing manager’s index were among the seven indices that suffered in October. According to IHEA’s economist, the most disturbing of the declining indexes is the decline in the Purchasing Manager’s Index, which was more than anticipated. Overall, however, all of the declining numbers are still well above historic averages showing that the economy continues to be strong.
“. . . but it is important to note that even with the declines in some sectors, the overall status of these readings remains higher than it had been in several years.”
~ Excerpt from IHEA’s Monthly Executive Economic Summary
Analysis of all 12 indices is presented monthly to IHEA member companies and is available by contacting Ann Goyer at ann@goyermgt.com or at (941) 373-1830.
