So… What do the numbers mean: 1st in a series: what’s up with the ISM?

by Marilou Long on March 14, 2009

in Economic Indicators

The February ISM (Institute for Supply Management) Manufacturing PMI(Purchasing Manager Index) came in at 35.8% vs. 35.6% for January.  A reading below 50% indicates that the economy is contracting.  This report comes out the first of every month, so it is one of the first indications of a change in the trend of economic activity. 

While it is still way below 50%, it did show a slower rate of change for February.  

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