ISM Manufacturing Report on Business: September 2010
Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that economic activity continued to expand but at a slowest pace seen since November 2009.At 54.4 the purchasing manager’s composite index (PMI) declined 3.73% since August remaining just 3.82% above the level seen a year earlier.
It’s important to note that 7 of the 11 indicators cited in the report showed slowing growth since August while the “backlog of order” component actually contracted.
Labels: economy, ism manufacturing
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posted by SoldAtTheTop at
10:03 AM
2 Comments:
Slowing growth isn't the word for it. Sure we can use the gov numbers and believe things are stumbling along but talk to your friends and neighbors. Bush may have had the jobless recovery, but this is the non-recovery.
By
Rocket, at 12:27 AM
The recovery is dead. No more pork spending, so everything is going to drop. Government is broke. Someone is going to make a run on the dollar.
By
Anonymous, at 11:29 AM
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