someoneyouknow
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The numbers: The Institute for Supply Management’s manufacturing index fell to 49.1% in August from 51.2% in July.
What happened: The new orders index sank 3.6 points to 47.2% and the production index fell 1.3 points to 49.5%. Only nine of the 18 manufacturing industries reported growth in August and only three reported gains in new orders.
Comments from supply managers reflected “a notable decrease in business confidence” in August, the ISM said.
What are they saying? “Grim. No sign of hitting bottom despite better regional surveys,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.
The ugly chart, falling like a stone:
https://ei.marketwatch.com/Multimedia/2019/09/03/Photos/MG/MW-HQ577_NAPM_20190903112543_MG.png?uuid=18351232-ce5f-11e9-86c0-9c8e992d421e
https://www.marketwatch.com/story/ism-manufacturing-index-falls-below-50-indicating-contraction-in-activity-2019-09-03?mod=mw_latestnews
What happened: The new orders index sank 3.6 points to 47.2% and the production index fell 1.3 points to 49.5%. Only nine of the 18 manufacturing industries reported growth in August and only three reported gains in new orders.
Comments from supply managers reflected “a notable decrease in business confidence” in August, the ISM said.
What are they saying? “Grim. No sign of hitting bottom despite better regional surveys,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.
The ugly chart, falling like a stone:
https://ei.marketwatch.com/Multimedia/2019/09/03/Photos/MG/MW-HQ577_NAPM_20190903112543_MG.png?uuid=18351232-ce5f-11e9-86c0-9c8e992d421e
https://www.marketwatch.com/story/ism-manufacturing-index-falls-below-50-indicating-contraction-in-activity-2019-09-03?mod=mw_latestnews
