The US trading week kicked off with very impressive manufacturing data

Jay Soloff

Argonath Financial

The US trading week kicked off with very impressive manufacturing data. The ISM Manufacturing report for August came in at 59. That's much higher than the consensus of 57 as well as a big jump from July's 57.1. It's also the highest level since March of 2011. The New Orders component of the index climbed 3.3% to 66.7%. In perspective, that's the highest level since April 2004. 17 of the 18 manufacturing industries reported growth in August. The only exception was textile mills. Most industries have a positive outlook, although there is concern over geopolitical risk hurting the global economy. (VIEW LINK)

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


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