Soft orders a worry in the ISM manufacturing report
BNP Paribas unimpressed
Economists at BNP warn not to bite on the ISM manufacturing report. "Headline head fake, details weak," they say.
BNP notes that the headline was driven higher but the 5-point jump in supplier delivers but that all the orders components were softer.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.