Manufacturing Index Surges
Once again the experts found themselves out of the ballpark when it came to predicting the state of manufacturing in America. Arched eyebrows are becoming “the thing” among economic experts. These numbers will give Nobel laureate Paul Krugman another opportunity to suggest that the numbers are fake.
After three months of broad weakness brought on by COVID-19 business shutdowns/slowdowns, the Manufacturing Index surged 48 points to a reading of negative 0.2 up from negative 48.5 in May.