October ISM = 59.0

It’s the beginning of November and that means this week is dedicated to the important turn-of-the-month econ reports.

First up is the October ISM report. The Street had been expecting 56.9 and the actual number was 59.0. That’s a good showing. It ties August for the strongest ISM since April 2011.

We never follow just one report, but the ISM has a pretty good track record of lining up with recession. A reading of about 45 is the danger area. So far, it looks like a recession is not on the horizon.

Posted by on November 3rd, 2014 at 10:15 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.