A note about ISM manufacturing

  - by New Deal democrat

This morning the ISM manufacturing index for May was reported at 52.8, up from April's 51.5.

This is a good timre to remind you that there has never been a recession when the ISM reading has been over 50.

Fiurther, the index captures the indsutrial slowdown quite nicely, as it slid from 57 in Novmeber to the aforementioned 51.5 in both March and April.

(I would show you this in a nice graph, but Apple's IOS 8.3 has destroyed my ability to upload new graphs to Blogger. Grrrrrr).