Sunday, September 3, 2023

US ISM/PMI stagnates in August

 As usual, the thick green line is the one to watch, as it minimises random month-to-month fluctuations.   In August, the PMI went down, the ISM up, and the average was unchanged, and remains below the 50% "recession line".  This is just for the manufacturing sector; the ISM  for services won't be out for a few more days.




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