Manufacturing ISM Plummets To Lowest Print Since July 2009

Manufacturing ISM Plummets To Lowest Print Since July 2009

from zero hedge by Tyler Durden

So much for the 3rd Recovery (or is that 4th?) in the current depression: following the Chicago PMI which posted a solid beat on horrendous internals, today's Manufacturing ISM came in just as expected, at least by those skeptical of all the sugar high economic data the US population was spoon fed in the past few weeks. At 49.5, the headline PMI print was the lowest since July 2009, the biggest miss to expectations of 51.4 in 5 months, and down from 51.7http://www.zerohedge.com/news/2012-12-03/manufacturing-ism-plummets-lowest-print-july-2009

ISM Manufacturing index declines in November to 49.5, Lowest since July 2009

from Calculated Risk by Bill McBride

The ISM manufacturing index indicated contraction in November. PMI was at 49.5% in November, down from 51.7% in October. The employment index was at 48.4%, down from 52.1%, and the new orders index was at 50.3%, down from 54.2%.

From the Institute for Supply Management: November 2012 Manufacturing ISM Report On Business®
Economic activity in the manufacturing sector contracted in November following two months of modest expansion, while the overall economy grew for the 42nd consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.http://www.calculatedriskblog.com/2012/12/ism-manufacturing-index-declines-in.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29