Pantheon Macroeconomics - We argued yesterday that the steep declines in the ISM surveys in August, both manufacturing and services, likely were one-time events, triggered by a combination of weather events, seasonal adjustment issues and sampling error. These declines don't chime with most other data.

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8 September. 2016 Claims, JOLTS, and Sales Don't Support the Grim ISM Message

By Ian Shepherdson

We argued yesterday that the steep declines in the ISM surveys in August, both manufacturing and services, likely were one-time events, triggered by a combination of weather events, seasonal adjustment issues and sampling error. These declines don't chime with most other data.

Posted: 7th Sep 2016 in 'U.S. Documents'

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