Yes, the ISM manufacturing report was bad, but no, it doesn’t mean recession is coming
October 01, 2019 at 13:31 PM EDT
So just how bad is the slump in manufacturing? And is it enough to shatter the U.S. economy? In a word, no. Economists say the manufacturing slump would have to get much worse and infect the rest of the economy to induce the first recession in more than a decade.