U.S. service industries contracted at a recessionary pace in January, taking what most analysts described as a “stunning fall.” ISM’s non-manufacturing index dropped to 41.9, from 54.4 in December. (Cue a massive drop in stocks).
Q: How do you spell recession? A: ISM
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program