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IPFS News Link • Economy - Economics USA

Mish: ISM Shows Recession Not Over Yet

08-05-2009 • Michael Shedlock / Mish

The horn tooters have to wait at least another month before the recession is over judging from the non-manufacturing ISM numbers. Please consider the July 2009 Non-Manufacturing ISM Report On Business®. The report shows the NMI (Non-Manufacturing Index) dropped .6% in July to 46.4, contracting for the 10th consecutive month at a slightly faster rate. The table shows that 8 out of 10 Non-Manufacturing components are worse this month than last month. Only deliveries are in the green while inventories are contracting at a slower rate.

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Reported By Jack Gregson

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