Manufacturing ISM Drops To 53.6 From 55.7, Comes Below Expectations; Double-Dip Threat Looming

By By Tyler Durden at Zero Hedge

The Novermber manufacturing ISM dropped to a below expected 53.6, down both relative to October's 55.7, and to expectations of 55. Another 3.6 point drop and we are well on our way to a double dip, which is a certainty anyway once the administration stops subsidizing a major portion of the GDP.

From the report:

Economic activity in the manufacturing sector expanded in November for the fourth consecutive month, and the overall economy grew for the seventh consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.

The report was issued today by Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. “The manufacturing sector grew for the fourth consecutive month in November. While the rate of growth slowed when compared to October, the signs are still encouraging for continuing growth as both new orders and production are still at very positive levels, and the Prices Index fell 10 points, signaling less inflationary pressure on manufacturers’ costs. Overall, the recovery in manufacturing is continuing, but many are still struggling based on their comments.”

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