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ISM Non-Manufacturing: How Much to Dismiss?
[private]The headline ISM Non-Manufacturing index drops a more-than-expected 2.5 points, to 53.5 (Consensus: -0.5 point; Decision Economics: +0.4 point).
Obviously, the concern is that this big decline casts doubt on the positive indication given by the ISM manufacturing numbers earlier in the week. If the weak non-manufacturing number is dismissed as reflecting normal randomness, the strong manufacturing number is subject to the same attack.
US_12-0503_E2[/private]
Research Studies
DE | Sinai Economic and Market Perspectives | Seeds of A Sovereign Debt Crisis Planted – 02/03/21
[private] [/private] Seeds of A Sovereign Debt Crisis Planted Allen Sinai* The U.S. and Global economies have undergone a fiscal/debt revolution of huge import from which there will be no turning away! The main catalysts read more
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