ISM Non-Manufacturing Business Activity Index Shows to What Unfathomable Extent the US Economy.....

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The ISM Non-Manufacturing Business Activity Index Shows to What Unfathomable Extent the US Economy Has Collapsed


(WolfStreet) Business activity and production at US non-manufacturing industries in April collapsed to the lowest level since inception of the ISM Non-Manufacturing Index in 1997, from already weak levels in March.

Only one industry, Finance & Insurance, reported an increase in business activity; the remaining 17 industries – ranging from Arts, Entertainment, and Recreation to Utilities – reported a decline in business activity, with some of them essentially shut down in large parts of the US. The ISM Business Activity Index plunged to 26%. A level below 50% means contraction (historic data from YCharts, current data from ISM):



This is how executives see business at their own companies. The Institute of Supply Management gathers these surveys from executives on a monthly basis. The names of the companies are not disclosed in the report. ..........(more)

https://wolfstreet.com/2020/05/05/the-ism-non-manufacturing-business-activity-index-shows-to-what-unfathomable-extent-the-us-economy-has-collapsed/