Friday, January 2, 2009

ISM Manufacturing Below Expectations

ISM sinks again to 32.4, well below expectations. ISM reports:

Economic activity in the manufacturing sector failed to grow in December for the fifth consecutive month, and the overall economy contracted for the third consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.

In December, none of the manufacturing industries reported growth.

Take a look at new orders and pricing... yikes.