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To: FJB who wrote (53891)9/26/2013 10:25:26 PM
From: FJB  Read Replies (1) | Respond to of 85487
 
Goldman's Analyst Index Plunges Most In A Year

Submitted by Tyler Durden on 09/26/2013 - 20:41

Goldman Sachs Analyst Index (GSAI) tracks manufacturing and service sectors based on bottom-up analyst input on a firm by firm basis to generate a real-time indicator of US economic strength akin to the ISM data. After spiking to multi-year highs in August, it has collapsed by the most in a year in September as the New Orders sub-index retraced its outsized gains from August. The sales/shipments index fell, while the employment index stayed flat and below the 50 mark. The underlying composition of the GSAI weakened in September with a few sectors noting lower sales and/or a downgrade in expectations, and on balance sentiment with respect to business conditions seemed a touch weaker since August and employment remained below 50 for the sixth month.