Another Weak Report with the July Update of the ISM Mfg Index
August 01, 2012 at 13:38 PM EDT
For the second month in a row, the ISM Manufacturing Index was under 50—a sign that the manufacturing sector is contracting, if only slightly. Many analysts argue that a reading under 50 for this benchmark is an early warning that a new recession is near, or perhaps one that’s already started. But like any other [...]