AUGUST ISM BEATS ESTIMATES AT 51.6

solyndra factory

Photo: AP

UpdateHuge beat.

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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

economy moneygame-us