October 6, 2008

ISM Non Manufacturing Index Comes in at 50.2% (Very Slight Expansion)

Filed under: Economy — Tom @ 10:52 am

The Institute for Supply Management’s report is here.

The result is a bit lower than last month’s 50.6%, and slightly exceeded expectations of 49.9%. That is, the smarties predicted slight contraction, and the reality was slight expansion.

That’s not ideal by any stretch, but it isn’t sky-is-fallling news either.

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