ISM Survey Signals Recovery Slowed In September
Oct 1, 2009 Markets
The ISM’s September manufacturing survey registered 52.6, down from 52.9 in August. It was the first monthly decline since December. The drop surprised economists, who were expecting an improvement to 54.0.
Every component of the index slowed, except for Supplier Deliveries and Backlog of Orders. More troubling, though, was the fact that the Employment component worsened to 46.2 from 46.4.
Nonetheless, the survey did signal that the economy is growing. If extrapolated, the September … [visit site to read more]
Read the rest of this entry »Tags: Backlog, Decline, Economists, Economy, Ism Survey, Signals, Supplier Deliveries
