Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (12621)	10/1/2004 10:40:13 AM
From: mishedlo	Read Replies (1) of 116555

U.S. Sept. ISM factory index 58.5% vs 58.4% expected Friday, October 1, 2004 2:20:04 PM afxpress.com WASHINGTON (AFX) -- Factory activity in the United States decelerated in September, the Institute for Supply Management reported Friday. The ISM index fell to 58.5 percent in September from 59.0 percent in August. The decline was in line with expectations. The consensus forecast of estimates collected by CBS Marketwatch was for the index to slip to 58.4. Readings above 50 indicate expansion. New orders fell to 58.1 in September from 61.2 in August. The employment index rose to 58.1 in September from 55.7 in August ====================================================================== So we are employing more people as orders are declining. Brilliant move. All part of the "soft patch" theory I guess. Aren't inventories already high enough? I guess not Mish

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