Factory Sector Recession Is Confirmed |
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Factory Sector Recession Is Confirmed The ISM manufacturing composite index fell to 43.5 in September from 49.9 in August. With the exception of two occurrences, all post-war recessions are associated with readings similar to the level of the September 2008 composite ISM manufacturing index. Indexes tracking new orders (38.3 vs. 48.3 in August) and production (40.8 vs. 52.1 in August) plunged to 38.8 in September, another piece of evidence confirming weak fundamentals of the factory sector. In
Filed under: Fundamental
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