US DATA: Sept nonmfg ISM text: “The NMI (Non-Manufacturing Index)
registered 53.2 percent in September, 1.7 percentage points higher than
the 51.5 percent registered in August, indicating continued growth in
the non-manufacturing sector at a faster rate. The Non-Manufacturing
Business Activity Index decreased 1.6 percentage points to 52.8 percent,
reflecting growth for the 10th consecutive month, but at a slower rate
than in August. The New Orders Index increased 2.5 percentage points to
54.9 percent, and the Employment Index increased 2 percentage points to
50.2 percent.” 11 industries reported growth. RESPONDENTS ARE SAYING:
“General state of the business has not changed in the last three months.
The market is still soft for new sales due to financing requirements.”
(Construction) “Business seems to be flat from last month.” (Finance &
Insurance) “Signs that the economy may be improving, but our sector is
still flat or declining.” (Professional, Scientific & Technical).