US: ISM data at recessionary levels |
|
Overview: The ISM manufacturing index fell sharply in September to 43.5 from 49.9 previously, more than either we or consensus expected. In recent months, we have been surprised by the strength of the ISM index with the metric continuously overshooting actual production growth. However, given its decline in September, the ISM index has finally caught up with reality and is now flagging further weakness in the manufacturing sector over the coming months. However, we advise caution when
Filed under: Fundamental
Latest Posts
- The Risks Ahead
- ISM Non-Manufacturing Index Plunges to Record Low
- USD, JPY Drift Lower, RBA Cuts
- New York Session
- U.S. Forex Market Commentary
- U.S. Forex Market Commentary
- Currency Pair Overview - Forex Trading, Currency Forecast, FX …
- Daily Forex Signal
- Daily Forex Signal
- Mid Week Report - Fundamentally Speaking
- Forex News: US Beige Book Headlines from the Fed | FXDD
- Time and change
- Foreign Exchange Market Daily Update - Forex Trading, Currency …
- TopForex.info » Forex Trading: The Most Common Flaws Posted By …
- U.S Market Update