January ISM = 53.1

The ISM Index for January came in at 53.1. That’s the best reading since April. Last year, the ISM dropped below 50 for three months in a row and for four out of six months. The January ISM is a big increase from the 50.7 we had in December.

The ISM report is a good indicator of where we are in the business cycle. Since 1948, the ISM has been between 52.0 and 54.0 a total of 95 times; only two times have come during recessions.


Posted by on February 1st, 2013 at 10:20 am

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