As Tyler observes, ISM falsely shows an uptick when, in fact, delivery time extension is more indicative of a supply chain disruption.
Recall US industrial production remains stalled 5.6 percentage points below the long-run average.
Nothing like this ever happened before.
https://www.zerohedge.com/markets/ism-manufacturing-unexpectedly-soars-supplier-delivery-times-spike
Econophysics2020 