FYI: While it’s still premature to categorize the weak economic data of the last month as nothing more than a late summer lull, today’s ISM Manufacturing report provides good evidence for people who subscribe to that narrative. In September’s report, economists were expecting a headline reading of 50.4 versus last month’s reading of 49.4. The actual reading, however, came in at 51.5, which erased half of the decline from August. Even with this month’s rebound, the headline index remains well off of its summer high of 53.2.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/ism-manufacturing-leads-a-september-rebound/
