Manufacturing ISM Contracts———Lowest Reading Since June 2009

After flirting with contraction for three months, the Manufacturing ISM fell into negative territory with a 48.6 reading, below the lowest Econoday estimate of 49.7. The Econoday Consensus guess was 50.5, an improvement over the October reading of 50.1 After skirting right at the breakeven 50 line since September, ISM’s manufacturing index broke below in […]
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