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http://www.businessinsider.com/ism-manufacturing-may-2013-6
SM's monthly manufacturing report is out.
The headline index unexpectedly fell to 49.0 from 50.7 last month.
Economists were looking for an increase to 51.0.
Any reading below 50 on the index indicates contraction. Today's ISM release suggests that the American manufacturing sector entered into contraction for the first time since November 2012.
Below is a snapshot of the changes in the various sub-components of the index in May:
Read more: http://www.businessinsider.com/ism-manufacturing-may-2013-6#ixzz2VAAMvvLc
SM's monthly manufacturing report is out.
The headline index unexpectedly fell to 49.0 from 50.7 last month.
Economists were looking for an increase to 51.0.
Any reading below 50 on the index indicates contraction. Today's ISM release suggests that the American manufacturing sector entered into contraction for the first time since November 2012.
Below is a snapshot of the changes in the various sub-components of the index in May:
Read more: http://www.businessinsider.com/ism-manufacturing-may-2013-6#ixzz2VAAMvvLc
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