Sunday, January 4, 2009
ISM Dec 2008 - Manufacturing sector took it on the chin
--ISM manfuacturing index dropped to 32.4%, the lowest level since 1980. --two measures, new orders and supplier delievery, tend to fall ahead of the curve of the economy --New orders, which registered 22.7%, have contracted for 13 consecutive months, and are at the lowest level on record going back to January 1948. --None of the 18 industries reported growth in December --Supplier deliveries are much faster as businesss activies slide.