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ISM Non-manufacturing

US Economics Week Ahead: 2010 Starts with a Bang

It is a good thing investors will have the entire weekend to recover from their New Year’s celebrations, because 2010 is starting with a bang, at least in terms of economic data.  Undoubtedly, the week’s most critical release will be Friday’s employment report, where excitement is building that payrolls could show their first monthly advance […]

Non-Manufacturing ISM Takes a Modest Dip

The ISM non-manufacturing employment index fell to 41.1 in September from last month’s 44.3.  This should take away any chances for upward revisions to Friday’s payroll release.  The standalone business index finished at 55.2 from 55.1 a month prior, while the prices paid Index jumped to 53.0 from 48.8.  The headline number came at 50.6, […]

Non-Manufacturing ISM Breaks Above 50

September’s non-manufacturing ISM came in this morning at 50.9, compared to a previous reading of 48.4. This is the index’s highest reading since May 2008.  this was inline with market expectations.  September’s Employment Index rose to 44.3 from 43.5 last month.  The standalone Business Index fell slightly to 55.1 from 51.3.  The Prices Paid Index […]

US Economics Week Ahead: Is October the new September?

Based on last week’s negative performance on the back of several pieces of melancholy economic news, some investors may argue September has come late this year.  Looking ahead, we have a pretty quiet week on the data front, which may cause investors, still trying to heal from last week’s wounds, to place added emphasis on […]

Non-Manufacturing ISM Rises to 48.4 from 46.4

The composite non-manufacturing ISM index rose to 48.4 from 46.4 in July, compared to a consensus forecast of 48.1.  The last time the index was at or above the break-even point of 50 was September 2008.  But, recent trends imply that the index could move above that point in the coming months.  The employment index […]

US Week Ahead: Jobs & Manufacturing

Following last week’s mixed data, the market will be searching for indications of the strength and timing of a US economic recovery — and there will be plenty of places to look.  In contrast to the relative quiet of the past several weeks, a slew of economic indicators pertaining to jobs and manufacturing should be […]

Non-Manufacturing ISM 47.0 vs Consensus Forecast of 46.7

The Non-Manufacturing ISM came in at 47 compared to the consensus forecast of 46.7. This signifies the sector is still contracting, but at a slower pace than in May, which had a reading of 44.0. This was the index’s best showing in 9 months. The new orders index, which tends to be forward looking rose […]

US Economic Week Ahead: The Calm after the Storm

This week’s economic calendar is relatively quiet, especially compared to the hustle and bustle of last week. Monday’s non-manufacturing ISM report starts the week off, followed by Wednesday’s consumer credit report, Thursday’s jobless claims data, and Friday’s US trade statistics and consumer sentiment. The impact of this week’s non-manufacturing ISM report could be somewhat subdued […]