Is the January 2020 PMI an aberration?

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The ISM PMI rose to 50.9 in Jan 2020 primarily due to a huge increase in the new order that also led to increases in customers’ inventories and production.

The prices rose to 53.3 due to an increase in imports and a reduction in the local raw material.  This PMI might be a precursor to an improvement in the next US GDP growth.  However, the coronavirus epidemic might also thwart this turnaround.  Therefore, we need to observe the epidemic situation closely to determine if this turnaround in US economic growth will materialize in the foreseeable future or not.

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