ISM Manufacturing Index Weaker than Expectations

Headline Alert

Economic Update: ISM Manufacturing Index Weaker Than Consensus

Although the regional numbers were better than expected yesterday, the November ISM (Institute of Supply Managers) Manufacturing Index reported at 53.6; weaker than the consensus for 55.0.

The October reading was 55.7

The Prices Paid component (a measure of inflation) was 55.0 vs. consensus 65.0

Stocks have pulled back from their highs in response.

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