The Manufacturing ISM is "Unchanged" Sort Of


The Institute for Supply Management (ISM) says the PMI for January 2020 is unchanged at 50.9%.

Bloomberg Econoday sees it like this.

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ISM December 2019

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I did not capture the data before it was revised to unchanged.

The December ISM PMI was originally reported at 47.2, then revised to 48.1 today. Yet, January is now supposedly unchanged at 50.9.

Supplier deliveries were heavily revised and that component is part of the "unchanged" headline number.

Mike "Mish" Shedlock

Comments (2)
No. 1-2
Tony Bennett
Tony Bennett

ISM is seasonally adjusted (for weather among other things). Very little snow in mid Atlantic for January.


Same bs economic data that Trump rightly called out Obama for bein fake,idiot turns right around takes the fake numbers and uses it to his benefit to make himself look good and pretend his policies are effective,what a fraud and opportunist that buffoon turned out to be.,,,just like Obama....Chump is basically a white Obama,a clueless,useless,dumbass!

Global Economics