Forex News: 02.04.2007 U.S. ISM index declined to 50.9% in March
Burdened by weak capital spending and the slump in autos and housing, the U.S. manufacturing sector expanded slowly in March, the Institute for Supply Management reported Monday.
The ISM index fell to 50.9% from 52.3% in February. The weak ISM reading indicates little improvement in the stalled factory sector. Prices paid rose to the highest level in six months.
Readings in the diffusion index above 50% indicate a major of firms surveyed say business was getting better. Economists expected a slowing to 51.8%.
posted by Kalin Tasev @ 3:09 PM
0 Comments:
Post a Comment
<< Home