January ISM Comes In Just Shy Of Estimates, But Is Actually Very Strong

UPDATE:

54.1 is the number. That’s just a tad shy of estimates of 54.5, but above last month, so overall very solid.

Not horrible at all, seeing as that’s an improvement from the month before.

Stocks are still in rally mode with the Dow up 116.

Here’s the full table.

chart

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ORIGINAL POST: The big economic report of the day is January ISM.

Analysts are looking for a rise to 54.5 from 53.9 for the month.

So far the numbers leading up to this have been a mixed bag.

China was solid, and Europe was weak, but better than expected in some places.

Canada ISM just came in dismally.

Meanwhile, the local Fed manufacturing surveys have been mostly solid, so who knows.

Number out at 10:00 AM.

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