If the Economy Is Slowing….
….. as the Fed believes, why did the ISM Manufacturing and Non-Manufacturing Indices stay in expansion mode in August?
The Manufacturing Index dropped ever-so-slightly from 54.7 to 54.5, while the Non-manufacturing Index zipped up to 57.0 from 54.8. Any reading over 50 indicates economic expansion.
I would think that the recent drops in energy prices will shoot their way positively through both reports in the coming months.
Previous Posts:
- June 4 — Psst: The Manufacturing Sector Is on Its Longest Winning Streak in Over a Quarter Century
- August 5, 2005 — The Economy Must Be Good Since You’re Not Hearing About It
