October ISM = 50.8

The October ISM just printed at 50.8 which is a decline from 51.6 for September. Economists were expecting a reading of 52.

Whenever the ISM is over 50 it means the economy is expanding. When it’s below 50, it’s contracting. The ISM has fallen between 50.0 and 52.0 a total of 89 times; just five have been recessions.

Posted by on November 1st, 2011 at 10:15 am


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