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ISM Non-Manufacturing Index - September 2008 : 50.2
"The NMI (Non-Manufacturing Index) registered 50.2 percent in September, 0.4 percentage point lower than the 50.6 percent registered in August, indicating growth for the second consecutive month in the non-manufacturing sector. The Non-Manufacturing Business Activity Index increased 0.5 percentage point to 52.1 percent. The New Orders Index increased 1.1 percentage points to 50.8 percent, and the Employment Index decreased 1.2 percentage points to 44.2 percent.
The Prices Index decreased 2.9 percentage points to 70 percent in September, indicating a slower rate in price increases than in August. According to the NMI, 10 non-manufacturing industries reported growth in September. Respondents' comments are positive about the reduction in fuel and commodity costs; however, they remain concerned about overall market conditions and the economy."
Posted: October 3, 2008 Friday 10:05 AM