Purchasing Managers Show Stronger Manufacturing Sector

Manufacturing activity is rebounding, based on the latest Institute for Supply Management Report on Business (which we used to call the Purchasing Managers Index):

Factories are not in the stratosphere, but the are definitely moving upward.  I’m increasingly sighing with relief and lowering the odds that we’ll go into recession.

Business Planning Implications:  Contingency planning for a downturn always makes sense, but do some upside thinking as well:  are you prepared for an increase in orders, for having to find more good employees, and for the strains on a balance sheet that come from growing sales?  Give it some thought.