A certified retirement financial advisor, Phoenix-based Darcy Bergen guides Clear Solutions for Seniors and offers dedicated financial assessment and tax management solutions. Darcy Bergen stays informed on market trends, including via the Institute for Supply Management’s (ISM’s) Manufacturing Report On Business.
The ISM report covering November 2016 noted that the production index edged higher as raw materials inventories also increased. At the same time, the prices index continued a nine-month streak of higher prices for raw materials, reflecting increased demand. A number of areas in the labor market are also experiencing tightness.
The November Purchasing Managers’ Index showed that economic growth has extended 90 consecutive months, with manufacturing posting its third straight month of net gains. On an annualized level, this translates to a GDP increase of 3.2 percent. The report indicates a steady growth scenario that has eased fears of the economy overheating. At the same time, survey respondents do not foresee scenarios of sudden drops in demand or prices, which makes it an ideal time to plan for retirement and beyond.