ISM Index Slips To 56.4 in Jan

Siegel, Gary E.
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p2
Trade Publication
This article informs that the overall economy expanded for the 39th straight month in January, while the manufacturing sector expanded for the twentieth time in as many months, the Institute for Supply Management (ISM) reported. According to the ISM's monthly report on business, the ISM index decreased to 56.4 in January from 57.3 in December 2004. Economists polled by IFR BondData Americas predicted the index would slip to 57.2. An index reading below 50 signals a slowing economy, while a level above 50 suggests expansion.


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