ISM Drops to 54.8

This morning we learned that the ISM Manufacturing Index fell to 54.8 for April. That was below expectations but it’s still a decent number. Historically, we don’t run into trouble until the ISM drops to the mid-40s.

We also learned that personal income rose by 0.2% in March while spending was very nearly unchanged. On Friday, the Q1 GDP numbers were pretty bad. I hope that personal income figure for March builds momentum into Q2.

Posted by on May 1st, 2017 at 7:24 pm


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