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.

1 comment:

  1. Lat year this time it was the "Goldilocks" market, not too warm, not too cold, and everyone was happy until the Papa Bear came home and ate them alive. Now it's the "Tinkerbell" market, where it's dead, but everyone thinks that if they all clap together as hard as they can they can bring it back to life.