The National Association of Purchasing Management index (NAPM) measures conditions in the manufacturing sector. It is released on the first business day of the month at 10 am EST and reflects the previous month's data. According to the association, a reading over 50% indicates that manufacturing is growing, while a reading below 50% means it is shrinking. In addition to providing an excellent picture of the state of manufacturing (the data is only 1 day old) the NAPM is also thought to be an early indicator of inflationary pressures. You can find the latest report by visiting the NAPM.

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