ISM Manufacturing PMI < 50
You probably already know that the latest ISM Manufacturing reading has dropped below the 50 threshold, a level which is pointing out at a contraction in economic activity.
Furthermore, at just 49.1, the ISM Manufacturing fell to its lowest level since January 2016.
Nevertheless, there's much more to the ISM Manufacturing headline reading, and in this article, we will try to touch upon few important aspects that may have slipped from investors' attention, although they are at least as important as the headline reading.
Most Alarming Item
The ISM manufacturing