BULLETIN! ISM REPORTS THAT IT APPLIED THE WRONG SEASONAL ADJUSTMENT FACTOR TO MAY DATA. TOTAL SA FAKE NUMBER SHOULD BE 56, NOT 53.2. REAL NUMBER,…
After the ISM’s manufacturing new orders for December showed some life last week we had reason to expect a good report from the Non Manufacturing…
The ISM Manufacturing PMI is misleading about the US manufacturing recovery.
ISM Shows US Economy Expanding Faster In Spite of Fiscal Cliff, Sequester, Higher Mortgage Rates Etc
The ISM data released this week calls into question all the commonly held beliefs of the Fed, economists, the media, and investors that higher mortgage…
The June headline Manufacturing Purchasing Managers Index reading of 50.9 was a little better than the consensus expectation of 50.5. No biggie. Anything over 50…
