ISM Services are ~ 75% of the economy, Large Enough to Cover a Downturn in Goods
Economically weighted ISM indexes for December forecast continued expansion – by New Deal democrat We got two significant economic releases this morning. First, let’s take a look at the ISM services index. I’ll examine the November JOLTS report separately. Recall that services are about 75% of the economy. Thus, even if goods production is contracting, […]
