New York ISM Crashes Back Into Contraction

July's surreal surge from 45.4 to 60.7 has been entirely erased as August's NY ISM business conditions index plunges back to 47.5 with purchases, revernues, and expected future demand all tumbling...



This confirms the other regional Fed surveys and the heasdline ISM Manufacturing report's collapse. But then again - this terrible news is great news for stocks, right?


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