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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (38482)10/5/2005 11:09:35 AM
From: mishedlo  Read Replies (1) of 116555
 
Service Economy Gauge at Lowest Level Since 2003.
U.S. Sept ISM services index slows to 53.3% vs 65% in Aug.
By Greg Robb

WASHINGTON (MarketWatch) -- Nonmanufacturing sectors of the U.S. economy expanded at a slower pace during September, the Institute for Supply Management reported Wednesday. The ISM nonmanufacturing index fell to 53.3% from 65.0% in August. This is the lowest level since April 2003. The drop was sharper than expected. Economists were looking the index to slip to 60.3%. New orders fell to 56.6% from 65.8%. The price index rose to a record 81.4% from 67.1%.
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