Posts Tagged ‘ism’
ISM Ugliness: Manufacturing Drops Again; Worst Ever Employment
Monday, March 2, 2009 11:48 No CommentsAccording to todays ISM release, the US Manufacturing sector dropped again in February while the employment sentiment fell to its lowest reading ever. This is the 13th straight month of manufacturing declines.
The Institute for Supply Management’ s (ISM) monthly purchasing managers’ index (PMI) registered a reading of 35.8% in February. Readings under 50% are consistent [...]
Empire State index falls to new record low
Monday, December 15, 2008 7:59 No CommentsThe Empire State Manufacturing index fell to a record low of -25.8 showing the continued collapse in manufacturing throughout the New York area. Unfilled orders fell to a record low and prices paid contracted by 7.5%
The index is followed by economists as it tends to be a leading indicator to the Institute for Supply Management’s [...]
