Swiss Economicblogs.org
Macroview The ISM manufacturing and nonmanufacturing surveys for August declined sharply. But these surveys are not necessarily a good predictor of economic growth The ISM Manufacturing index in the US fell heavily in August. The 49.4 reading was well below consensus expectations (52.0) and its lowest level since January 2016. The Non-Manufacturing index painted a similar picture, recording its worst monthly fall since the recession of 2008-2009. It dropped from 55.5 in July to 51.4 in...
Read More »Putting fall in U.S. business surveys into context
