ISM new orders posts lowest reading in nearly 2 years

Summary:
ISM new orders posts lowest reading in nearly 2 years The ISM reported the other day that The October PMI® registered 57.7 percent, a decrease of 2.1 percentage points from the September reading of 59.8 percent. The New Orders Index registered 57.4 percent, a decrease of 4.4 percentage points from the September reading of 61.8 percent. On Tuesday I said that “the first thing I am looking for is decelerating growth which will show up in a reading below 15 in the average of  Regional Fed reports, and below 60 in ISM new orders.” The regional Fed average is still above 15, but this morning we got the reduction in the ISM. Here’s what the baseline chart for the regional Fed averages (left) and ISM new orders (right) for 2018 now looks like: JAN   15

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NewDealdemocrat considers the following as important: US/Global Economics

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