New orders, imperative for future growth, are contracting at an increasing pace, suggesting that the services sector is deteriorating at an accelerating rate. New export orders experienced considerable contraction from October, coming in at 34.5% from 50.0%, likely impacted heavily by the effects of a stronger dollar and weak global demand environment.
Overall some pretty bad news to add to the pile.
http://www.ism.ws/ISMReport/NonMfgROB.cfm?navItemNumber=12943
Wednesday, December 3, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment