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April ISM Non-Manufacturing Index: 52.8 vs. 57.4 expected and 57.3 prior (>50 denotes...

April ISM Non-Manufacturing Index: 52.8 vs. 57.4 expected and 57.3 prior (>50 denotes expansion). Prices index fell to 70.1 from 72.1. Employment fell to 51.9 from 53.7. New orders fell to 52.7 from 64.1.
Comments (6)
  • bbro
    , contributor
    Comments (10533) | Send Message
     
    ISM's Non-Manufacturing Business Activity Index in April registered 53.7 percent, a decrease of 6 percentage points when compared to the 59.7 percent registered in March. Seventeen industries reported increased business activity, and one industry reported decreased activity for the month of April. Comments from respondents include: "An increase in business activity requests from existing clients" and "Tick-up in construction activity and capital expenditure activity."
    4 May 2011, 10:08 AM Reply Like
  • Ohrama
    , contributor
    Comments (541) | Send Message
     
    There seems to be big disconnect between the number reported (decrease of 6%) and the statements that follow (increased business activity by all but one and from existing clients). I think I will go with what the number says!
    4 May 2011, 11:41 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    What was the expectation?

     

    On the surface, that is a pretty sharp fall.
    4 May 2011, 10:08 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    answer to my own question is:

     

    www.cnbc.com/id/42896948
    "The Institute for Supply Management said its services index fell to 52.8 last month from 57.3 in March. That was well below economists' forecasts for 57.4, according to a Reuters survey."
    4 May 2011, 10:29 AM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    This POMO pump pump pump is not working when you see ISM # is falling already. Inflation is going to eat up much of the profits.
    4 May 2011, 10:13 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    unexpected of course......QE III for sure....more debt....79 billion next week....lets see who buys it...inflation is here and working its way thru...the weak dollar will kill us also......oh boy..this is getting exciting....and gold and silver down...yeah right....its the big boys stealing ti from you....hold it tight
    4 May 2011, 10:20 AM Reply Like
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