No worries over the ISM surveys for April – Manufacturing squiggled up, Non-manufacturing squiggled down – situation normal, no obvious trend change.

The ISM surveys still indicate an expanding economy.  A score above 50 means business expansion.  A score below means contraction.  These are surveys, not hard production data and hence can be bumpy.  My take is the economy is still sorting through the lagged tightening impact of the panic into cash in Q3 last year.  Jeb Terry, Sr. May 6, 2012

Aberdeen Investment Management – a guide service for micro-cap technology investment

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