The economy hasn’t collapsed yet.
51.6 is above the 50.5 that analysts had expected.
Markets have gone into the green on the news.
One bit of bad news: The prices paid index jumped again, from 55.5 to 56.0.
Original post: The big economic datapoint of the day. August ISM comes out at 10:00 AM, and analysts expect a reading of 50.5, barely below the previous month’s 50.6.
A lower number would probably not come as a huge surprise to the market, whereas a “beat” would be a shock.
The closely-watched Prices Paid index is expected to decline slightly, to 54.8 from 55.5.
Mostly ISM surveys have been report this month, though not completely horrible.
We’ll have it live HERE.