Stagnation: ISM and US PMI Converge on 50.8 – Comparing the Reports

by Mike ‘Mish’ Shedlock
Mish Talk

The word of the day is “stagnation”.

Both the ISM and Market manufacturing diffusion Indexes converged on the same number this month, 50.8.

Numbers above 50 represent growth, numbers below 50 contraction. 50 is stagnation.

Markit reports the US Manufacturing PMI is “close to stagnation in April”.

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