Discussion forum on Singapore stocks and current affairs.
Wednesday, April 5, 2023
The latest ISM PMI showed that the US economy was decelerating!
The latest ISM PMI index was a very bad figure because all the subindices were in a contractionary zone (Below 50-Red). This had resulted in the PMI price to fall due to the weaker demand.
The ISM PMI had been in a consecutive decline for 5 months already. As the ISM PMI is a precursory indicator, the real economy will reflect the recessionary phenomenon at least 6 months (earliest) later.
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