January 5, 2023
The following are diffusion indices, based on business surveys, which means that >50 indicates expansion and <50 indicates contraction, and 50 indicates no change. A larger or small number indicates breadth, not intensity, among survey respondents. ISM Manufacturing Index fell another -0.6 points in December, falling deeper into contraction at 48.4. Manufacturing employment turned slightly […]
December 13, 2022
The following are diffusion indices, based on business surveys, which means that >50 indicates expansion and <50 indicates contraction, and 50 indicates no change. A larger or small number indicates breadth, not intensity, among survey respondents. The ISM Manufacturing Index fell -1.2 points in November, into contraction at 49.0. This was the first contraction reading […]