Quite clearly we view the data differently what equity markets are interpreting them as. We believe that the stagnation of new orders points to period of no growth or even contraction in the next quarters.

On the other hand, prices paid per goods has gone up which is now going to shrink corporate margins and therefore start affecting the only area of health in the US economy.

So overall the index has gone up courtesy increased production and price paid, the key data point: New orders have not grown and therefore we will see an increase in Inventories over the next few quarters.