Economists say ISM miscalculated data
From marketwatch.com
At least two economists think the Institute for Supply Management may have released faulty data. Stephen Stanley, chief economist at Pierpont Securities, said in a note to clients that ISM may have just applied the April seasonal adjustment to the raw May data -- he said the final reading would be 55.4%, not 53.2%, if the May adjustment was used. Lena Komileva of G Plus Economics tweeted a similar point. A message left with ISM wasn't immediately returned.
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