Incorrect ISM Manufacturing Survey Briefly Causes Market Panic
US equity markets have recovered after a series of corrections from the Institute for Supply Management (ISM) have brought the private group’s May manufacturing index in line with expectations. The ISM initially reported 53.2 for its May manufacturing index, down from 54.9 in April, startling investors and pushing the S&P 500 (INDEXSP:.INX) from 1924 to 1916 before analysts realized that something was wrong and the numbers were revisited. The ISM has since issued two . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible