November 2012 ISM Manufacturing Survey Shows Sector Contraction
From Econintersect Combined RSS Feed
December 3, 2012 - 10:15am
Written by Steven Hansen
The ISM Manufacturing survey for November 2012 again slid into contraction. The sub-index which historically correlates to the economy barely shows expansion.
The ISM Manufacturing survey index (PMI) fell from 51.7 to 49.5 (50 separates manufacturing contraction and expansion). This was below expectations which were between 50.0 and 51.2.
This index has been in a general downtrend since mid 2011 - and the November data continued to confirm this.
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December 3, 2012 - 10:15am
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