Economic Reports 11/05/07
ISM Services Oct 55.8 vs prior 54.8 Full Report
Inside the number: New orders up 55.7 vs 53.4; Employment expanding slower 51.8 vs 52.7; Prices rising slower 63.5 vs 66.1.
Backlog contracting faster 43.5 vs 47; Inventory sentiment "too high" 60 vs 62.
Comments: "Sales are still well below budget, but a strong September finish helped narrow the gap." (Wholesale Trade)
"Bracing for the next wave of price increases as a result of record oil prices." (Educational Services)
"Business is holding steady and meeting forecast." (Real Estate, Rental & Leasing)
"Business is very sluggish." (Retail Trade)
"Credit markets continue to severely impact financial services business, especially the mortgage banking sector." (Finance & Insurance)
Inside the number: New orders up 55.7 vs 53.4; Employment expanding slower 51.8 vs 52.7; Prices rising slower 63.5 vs 66.1.
Backlog contracting faster 43.5 vs 47; Inventory sentiment "too high" 60 vs 62.
Comments: "Sales are still well below budget, but a strong September finish helped narrow the gap." (Wholesale Trade)
"Bracing for the next wave of price increases as a result of record oil prices." (Educational Services)
"Business is holding steady and meeting forecast." (Real Estate, Rental & Leasing)
"Business is very sluggish." (Retail Trade)
"Credit markets continue to severely impact financial services business, especially the mortgage banking sector." (Finance & Insurance)
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