Weak ISM Leads the Market Lower

The market is down so far this morning (and month and quarter). The March ISM came in at 51.3 which is down from February’s surprisingly strong 54.2.

Any reading above 50 indicates that the manufacturing sector is expanding. Below 50 means it’s shrinking. Forty-three of the last 44 months have been above 50.0. Although today’s ISM is weaker than expected, today’s report is still well above the danger zone.

fredgraph04012013

Posted by on April 1st, 2013 at 11:01 am


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