Economic Reports 04/02/07
ISM Index Mar down to 50.9 vs prior 52.3 Full Report
Inside the number: weak capital spending; slumping housing, automotive & manufacturing; energy stagflation on the rise again (See Dr. Dave's CPI breakdown at Macroblog).
Falling: new orders to 51.6% vs 54.9%, production to 53% vs 54.1%, backlogs to 47% vs 51.5%, employment to 48.7% vs 51.1%.
Rising: prices paid to 65.5% vs 59.0%, inventories to 47.5% vs 44.6%
Inside the number: weak capital spending; slumping housing, automotive & manufacturing; energy stagflation on the rise again (See Dr. Dave's CPI breakdown at Macroblog).
Falling: new orders to 51.6% vs 54.9%, production to 53% vs 54.1%, backlogs to 47% vs 51.5%, employment to 48.7% vs 51.1%.
Rising: prices paid to 65.5% vs 59.0%, inventories to 47.5% vs 44.6%
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