With the key September ISM manufacturing reading, known as the PMI, issued yesterday by the Institute for Supply Management (ISM) coming in at its lowest level in more than ten years, it stands to reason there is a fair amount of concern, as this index is followed closely by myriad supply chain stakeholders. And that comes with good reason, too, considering that the when the PMI is at a healthy level, a reading of 50 or higher indicates growth is occurring and that things are on a healthy track.
Source: logistics Mgmt