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  • Wall Street Breakfast: Must-Know News [View article]
    ChipSeal-

    The ISM report indicated that the non-manufacturing sector improved slightly from the previous month. However, a sub-50% reading indicates sector contraction. So, a slower rate of contraction in December brought activity to 40.6%.

    -Rachael


    On Jan 07 09:38 AM ChipSeal wrote:

    > "Economic activity in the non-manufacturing sector increased by 3.3%
    > in December to 40.6%, according to ISM, better than the 37.0% consensus."

    >
    >
    > Whoo Hoo! A counter trend move! The sector is GROWING... right? But
    > the very next sentence in your "news" is:
    >
    > "This marked the third month in a row of sector contraction, though
    > the rate slowed slightly."
    >
    > So it is growing and contracting at the same time? Are you just making
    > this stuff up? Do you even read what you write?
    >
    > Please do better, Mrs. Granby.
    Jan 07 09:51 am |Rating: +6 0 |Link to Comment
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