The ISM Manufacturing Index is projected to decrease slightly to 51.2 in tomorrow’s update for April, based on The Capital Spectator’s average econometric forecast. That reflects a marginal decline from the previously reported 51.3 reading for March. The Capital Spectator’s average projection is incrementally higher than consensus forecasts in three surveys of economists.
Daily Archives: April 30, 2013
Macro-Markets Risk Index | 4.30.2013
A markets-based profile of US economic conditions suggests that business cycle risk remains low. The Macro-Markets Risk Index (MMRI) closed yesterday (April 29) at 14.0%–well above the danger zone of 0% and within the 10%-to-15% range that’s prevailed so far in 2013. When MMRI falls under 0%, recession risk is elevated; readings above 0% equate with economic growth.