Contraction, although modest, continues in manufacturing. The ISM index of manufacturing activity came in at 48.6, below 50 for three of the last four months. Orders, production and employment led the weakness. These components suggest continued weakness in the second quarter for output and personal income. Prices are an issue.

More: continued here



If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!


This entry was posted on Friday, April 4th, 2008 at 1:04 am and is filed under Forex Market View. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.