Tag Archives: ISM non-manufacturing

 – by New Deal democrat I’ll spare you the introductory graphs this month, but let me reiterate my opening comments from last month: I never used to pay much attention to the ISM non-manufacturing report. That is partly because it only has a 20 year history, and partly because it seems to be more coincident than leading, but because manufacturing has faded so much as a share of the US economy, with at least two false recession signal in the...

– by New Deal democrat I never used to pay much attention to the ISM non-manufacturing report. That is partly because it only has a 20 year history, and partly because it seems to be more coincident than leading: But because manufacturing has faded so much as a share of the US economy, with at least two false recession signal in the past 10 years (2015-16 and 2022-23): there is no choice but to pay more attention. In particular, it...