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    Analysis

    October 3, 2014

    Final Thoughts

    Written by John Packard

    I will take a moment to recommend the Armada Corporate Intelligence report and the Armada website as something those in the marketing sections of your company may want to subscribe to. The cost is negligible and the value is quite high in my opinion. A good example is on their website on Saturday, October 4th they had an article about the Credit Managers Index. In the article they talk about the drop in the index and its relationship to predicting future PMI (purchasing managers index) direction. The latest CMI dropped significantly and, according to Armada, “This was not a small reversal of fortune by any stretch of the imagination, this could be termed a collapse and it begs a very important question. Who is correct – the Purchasing Managers Index or the Credit Managers Index?” You can read the full Armada Flash Advance Report by clicking here.

    On Monday we will begin our early October flat rolled steel market survey. Invitations should go out around 8 AM ET.

    John Packard

    Read more from John Packard

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    Ferrous scrap prices seen rising in November

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