US - ISM service for March
The ISM service index at 52.4 points in march down 1.9 points form February.
- New order exports are in the contracting zone.
- Employment index at 50.8.
Slowly the two ISM indexes converge toward 50 and maybe below, both report show a sluggish growth in employment, a bad news for consumer.
At that level, if ISM service fall under the 50 line and ISM manufacturing remain at that level, we will see a US recession before the year end
Posted by
Anonymous |
April 4, 2007 at 11:27 AM