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.