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First Negative ISM Reading Since Early Pandemic Offers More Evidence Economy Is Slowing

Moomoo News ·  Jan 6, 2023 10:49  · Markets

A barometer of  business conditions at service-oriented companies such as retailers and restaurants fell to 49.6% in December and turned negative for the first time since early in the pandemic,  offering further proof the economy is weakening.

Numbers under 50% are a sign the economy is contracting.

ISM
ISM

Source: MarketWatch, ISM

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