The Chicago purchasing managers index has risen to the highest level in 22 years at 68.6. The median has been 55.1. A close look at the components will show every part rising with especially big moves in order backlogs and employment. This is good news as we start the year. You have to go back to the 1980's to get this level.
While GDP growth has only been 2.5% , we may be in for a upside surprise in GDP.
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