August ISM = 49.6

The August ISM Index just came out and it was 49.6. Wall Street was expecting 50. Remember that a reading greater than 50 means that the manufacturing sector is expanding while less than 50 indicates contraction. In July, it was 49.8. This is the third straight reading that’s been slightly below 50. Historically, recessions occur when the ISM is below 44 or 45.

Posted by on September 4th, 2012 at 10:05 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.