November ISM = 52.7

This morning, the Institute for Supply Management’s manufacturing index for November came in at 52.7. That was above expectations of 51.0 and it was an increase from October’s number of 50.8. This was also the highest reading in five months.

Any number above 50 means the economy is growing. November was the 28th-straight +50 ISM. Today’s ISM report is more bad news for the Double Dippers. Since 1948, the ISM had landed between 50.0 and 55.0 a total of 225 times yet only nine of those months have been official recessions.

Posted by on December 1st, 2011 at 10:54 am


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