Economist Kim Finds Market-Roiling ISM Error

Economist Kim Finds Market-Roiling ISM Error Play

June 2 (Bloomberg) -- Kenneth Kim, an economist at Stone & McCarthy Research Associates, talks about his discovery of an error in a closely followed index on U.S. manufacturing activity that led to the report being corrected twice. The Institute for Supply Management corrected its May index more than two hours after its initial 10 a.m. release, saying a wrong seasonal adjustment produced an inaccurate drop. Kim speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

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