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Monday, October 4, 2010
The manufacturing ISM bit below the belt
It has been a slight decline in the balance (with 56.3 to 54.4) and, while the estimate of price change rose to 5-month high of 70.5 for those who look at the future, the balance showed worsening. New orders, production and capacity of existing orders fell, while inventories rose. All this indicates the weaker data on production in the future.
