Edited by trioderob, 04 November 2008 - 02:46 PM.
ISM Index looks bad
Started by
trioderob
, Nov 04 2008 02:40 PM
2 replies to this topic
#1
trioderob
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Posted 04 November 2008 - 02:40 PM
the ISM index came out today and looks really bad.
watch out below
The nation's manufacturers continued to cut back production sharply in October for the second straight month, the Institute for Supply Management reported Monday. The ISM index fell to 38.9% in October from 43.5% in September. This is the lowest level since September 1982.
The size of the decline was unexpected.
The consensus forecast of estimates collected by Marketwatch was for the index to fall to 41.5% as all regional manufacturing surveys were weak in October. Both new orders and production fell to their lowest level since the early 1980s. Readings below 50 indicate contraction.
#2
cgnx
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Posted 04 November 2008 - 03:19 PM
Dude that news came out like a gazillion years ago.
If it can be cornered, it will.
#3
trioderob
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Posted 04 November 2008 - 03:39 PM
Dude that news came out like a gazillion years ago.
what are you talking about ?
it came out today
