ISM Manufacturing Index Rises in May

Siegel, Gary E.
June 2003
Bond Buyer;6/3/2003, Vol. 344 Issue 31648, p2
Trade Publication
According to the Institute for Supply Management's (ISM) monthly report on business, the ISM index rose to 49.4 in May 2003 from 45.4 in April, indicating economic contraction. Economists polled by IFR BondData America predicted the index would rebound to 46.1. An index reading below 50 signals a slowing economy, while a level above 50 suggests expansion.


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