Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
The Slide in Manufacturing
The ISM Manufacturing PMI fell to 48.4, firmly in contractionary territory (the farther below 50 the index falls, the sharper the contraction relative to the previous month). This contraction does not bode well for the broader economic outlook this year. While the manufacturing component of the U.S. economy has shrunk relative to the services sector, manufacturing is a better leading indicator for the overall economy.
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