The number: 61.4 is slightly better than expectations of 60.5, but since we’ve had such good regional ISM numbers there may be some disappointment about this.
Naturally prices paid jumped.
The market isn’t doing too much on any of this news.
Stocks are slightly up.
Background: The first big report of the month! Analysts are expecting a 60.5 reading, but since we’ve had a series of strong regional Fed manufacturing reports, several are expecting a much bigger number.