Key Indicator Economic Indicator Points to Slowdown

Written by Gary North on December 6, 2011

The Institute for Supply Management index for the service sector fell to 52 from 52.9 in October. Economists were caught flat-footed. They had expected 54. Anything below 50 indicates economic contraction. So, the economy seems to be reversing. It is headed up at a slower rate than before. The ISM is a widely watched indicator: […]

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