ISM Manufacturing – CONTRACTION
June 3, 2013 10:56 am
In the last several episodes of the TDI Podcasts, I discussed my serious concerns about the state of U.S. manufacturing. The regionals look awful with the exception of the latest Chicago report from last week.
How economists thought that there was going to be anything but a drop from previous levels is amazing. Now, the official ISM is in the contraction zone. This is the lowest since 2009.