June ISM = 55.3

On Friday, the ISM Index for June came in at 55.3. This is an important report because the number for May came in at a surprisingly weak 53.5. Until then, the numbers had been running around 60.

Unlike a lot of economic reports, I like to follow the ISM because it has a pretty good track record of telling us if we’re in a recession or not. Historically, whenever the ISM is below 45, the odds that the economy is receding are very high.

Posted by on July 5th, 2011 at 9:46 am


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