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Preview: November ISM Manufacturing Index

Posted:01/12/2008 15:13 by Keith Lobodzinski
• The November ISM Manufacturing Index is expected to fall to 37 from 38.9 in October • The November ISM Prices Paid Index is also expected to fall to 33 from 37 in October The ISM Manufacturing Index is expected to fall to its lowest level since ’82 as seized up credit markets are expected to further hinder the struggling US manufacturing sector. Most signs points to another rough month for the ISM index, though there exists some marginal upside risks from a rebound off the steep October. Another bright spot for the US manufacturing sector is the sustained drop in prices, however, this alone cannot repair damaged credit markets or make up for considerably reduced demand for manufactured goods. Financial market disruption showed few signs of easing in November, and are likely to further thwart activity in the manufacturing sector over the period. Related Data: • November Empire Fed Index: -25.43 vs. -24.6 prior • November Philly Fed Index: -39.3 vs. -37.5 prior • November Chicago PMI: 33.8 vs. 37.8 prior click here to return to the top of the page
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