ISM Index at 1981 Levels

A short time ago, the Institute for Supply Management reported that the nation's broadest measure of manufacturing activity reached levels last seen in 1981.

Recall that readings above and below 50 indicate expansion and contraction, respectively, and that the low-40s range is typically considered "recession territory". It's not clear whether there is a name for the high-30s range.

Comments

[ur2smrt4me:]

"It's not clear whether there is a name for the high-30s range."

how about "depression"?

2008 Dec 01 05:18 PM