The ISM Manufacturing PMI has been below 50 (in contraction) for 21 out of the last 22 months. With data going back to 1948, that's only happened one other time: 1989-91 (Recession in 1990-91).
https://x.com/charliebilello/status/1831156223355355406
The ISM Manufacturing PMI has been below 50 (in contraction) for...
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