NEW YORK – Annual revisions to seasonal factors used in the monthly Institute for Supply Management Manufacturing Report On Business and Non-Manufacturing Report On Business lowered the latest manufacturing index number to 53.1 from 53.9 and raised the non-manufacturing index to 53.0 from 52.6, the ISM announced Tuesday.
The ISM manufacturing inventories index will not be seasonally adjusted as of January 2012.
The revised breakeven point for the overall economy is a PMI of 42.6%. A PMI over 42.6% indicates an expanding overall economy. A PMI below 42.6% indicates the overall economy is declining, ISM said.