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ISM Numbers Are Weak Before QE3 Cash Begins To Flow
Thursday, December 6, 2012 12:43
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Lee Adler, Wall Street Examiner
The October headline seasonally adjusted aggregate Purchasing Managers Index reading of 49.5 fell far short of the consensus expectation of 51.2. I track the not seasonally adjusted ISM Manufacturing New Orders index as the kernel of the measure of manufacturing conditions in the US. It fell from 61.8 in October to 53.3 in November. Read more »
2012-12-06 10:27:58
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