Bad Headline of the Day: ISM Expands ?

Monday, June 02, 2008 | 10:23 AM

Um, no:

Perhaps the headline writer meant that the May reading of 49.6, as compared to the prior month's reading of 48.6, was an improvement.

But anything below 50 represents a contraction -- not a pick up in activity.


Ism_496



Ism_may_08_2

See also:

ISM Factory Index in U.S. Shrank Less Than Forecast  (Bloomberg) http://www.bloomberg.com/apps/news?pid=20601087&sid=aggPD2WvFTw4&

ISM Mfg Index (Barron's Econoday)
http://premium.econoday.com/reports/US/EN/New_York/napm/year/2008/yearly/06/index.html

Monday, June 02, 2008 | 10:23 AM | Permalink | Comments (14) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00e552b08c518834

Listed below are links to weblogs that reference Bad Headline of the Day: ISM Expands ?:

Comments

Love that little blurb in the lower right corner entitled: "Dollar comeback."

If they mean by "comeback" that a chicken whose head has been cut off may run around the yard a bit before it finally expires; then yeah...

Posted by: Pool Shark | Jun 2, 2008 10:29:23 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner