ISM Non-Manufacturing

Back To The Bunker?

It is said that Wall Street overdoes everything, including every major move in every direction. So, after an 18% pop higher in just six days, the Bears could be heard making the argument yesterday that the move to the upside might be getting just a teensy bit ahead of itself. After all, since the market had plunged about 30% over the course of a month in an effort to discount the damage to the economy and the financial system caused by the credit calamity, the ensuing rally had effectively gone a long way toward undoing that discounting.

What I am attempting to say it that after all the excitement and the emotion of the election, traders came back to work yesterday faced with the reality of a global economic slowdown; the depths of which no one is entirely sure of at this time.
As we’ve ...

ISM Non-Manufacturing Index ...

TEMPE, Ariz.--(BUSINESS WIRE)-- Economic activity in the non-manufacturing sector contracted in October, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business(R). The report was issued today by Anthony Nieves, C.P.M., CFPM, chair of the Institute for Supply Management(TM) Non-Manufacturing Business Survey Committee; and senior vice president -- supply management for Hilton Hotels Corporation. "The NMI (Non-Manufacturing Index) registered 44.4 percent in October, 5.8 percentage points lower than the 50.2 percent registered in September, indicating contraction in the non-manufacturing sector after two consecutive months of growth. The Non-Manufacturing Business Activity Index decreased 7.9 percentage points to 44.2 percent. The New Orders Index decreased 6.8 percentage points to 44 percent, and the Employment Index decreased 2.7 percentage points to 41.5 percent. The Prices Index decreased 16.6 percentage points to 53.4 percent in October, indicating a slower rate in price increases than in September. This is the lowest reading for the Prices Index since July 2003 ...

TEMPE, Ariz.--(BUSINESS WIRE)-- Economic activity in the non-manufacturing sector grew in September, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business(R). The report was issued today by Anthony Nieves, C.P.M., CFPM, chair of the Institute for Supply Management(TM) Non-Manufacturing Business Survey Committee; and senior vice president -- supply management for Hilton Hotels Corporation. "The NMI (Non-Manufacturing Index) registered 50.2 percent in September, 0.4 percentage point lower than the 50.6 percent registered in August, indicating growth for the second consecutive month in the non-manufacturing sector. The Non-Manufacturing Business Activity Index increased 0.5 percentage point to 52.1 percent. The New Orders Index increased 1.1 percentage points to 50.8 percent, and the Employment Index decreased 1.2 percentage points to 44.2 percent. The Prices Index decreased 2.9 percentage points to 70 percent in September, indicating a slower rate in price increases than in August. According to the NMI, 10 non-manufacturing industries reported growth in September. Respondents' comments are ...

ISM Non-Manufacturing comes ...