The data continue to confirm that the economy is booming.

On Wednesday, we learned that the Institute of Supply Management’s (ISM) services index jumped to 66.7 in October, up from 61.9 in September.

This metric, which is based on a survey of service sector1 purchasing managers, signals growth when it’s above 50. October’s reading was the highest on record.2

Economists analyzing the details of the report agree that there weren’t many holes to poke.

It’s like the economy is growing at a 6.1% rate