Economic Indicators June 02

ISM Non-Manufacturing Index May | 49.6 | E 48.0 | P 48.6 | Elevated

The Institute for Supply Management’s Non-Manufacturing [ISM Service Index] comes in at 49.6 beating estimates of 48.0.  The survey reporting below 50 still signifies contraction as opposed to growth, but since the report is not as bad as it could have been mortgage bonds may lose some more ground today.

Institute for Supply Management [ISM] Manufacturing Index

The ISM surveys 400+ companies purchasing manager’s throughout the US.  The managers surveyed give their current opinion of their business outlook.  The results are diffused, comparing their previous answers with their current outlook.  When the index is at 50% Read more