January 2016

ISM Manufacturing Survey Shows Contraction Once Again

The December ISM Manufacturing Survey is yet another awful month.  Manufacturing is in a second month of contraction and this time slightly deeper than November.  PMI was 48.2%, -0.4 percentage points lower than the previous month.  New orders is still in contraction and employment plunged and went into contraction.  Only six sectors showed any growth according to the survey.