Skip to comments.ISM Aug. manufacturing gauge at 25-month low
Posted on 09/01/2011 7:29:45 AM PDT by Free Vulcan
The Institute for Supply Management said its manufacturing index slowed to 50.6% from 50.9% in July, marking the worst reading since July 2009. The index extended its string of readings above 50%, which indicate expansion, to 25 months.
However, economists polled by MarketWatch had expected a reading on average of 48.8% and the 50.6% result was higher than every economist polled.
(Excerpt) Read more at marketwatch.com ...
I would like to see the spread on this, I suspect areas of the country like Texas are covering for others like the Northeast considering the readings we got out of there last month.
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I cn tell you that our small manufacturing company had its worst 2 months — July/August — in our company’s history. We are hoping and praying that things pick up in September.
I pray that your business recovers!
Thank you. I don’t know whether to be really worried yet — it is always slow in the summer. But right now our customers are more reluctant to make decisions that ever before. We’re still making money, but the turgid orders this summer has come as a surprise after the previous 2 years.
My little Company has been on three days for over a year.
After over 30 years in business, we're now picking up work from underfunded companies that went belly-up.
We hope September will return us to black .............................. FRegards
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