Cheer up, things could be worse!

The Institute of Supply Management’s August manufacturing report was very weak with a reading of 50.4 barely above the 50 level, indicating expansion. And, its steadily decline from a high of 61.4 in Feb is troubling. But, don’t fret. Other manufacturing surveys were better, and, historically, the index must drop to about 42 or 43 before a recession is imminent. So, relax, things can get worse, before the really get worse.

Share This Post
Facebook Twitter Email

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.