ISM
U.S. consumers tightening belts in stagnant economyPosted by RJ and Makay on Oct 04, 2011 |
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U.S. consumer spending slowed in August as incomes decreased for the first time in almost two years, the Commerce Department reported last week. Purchases in August rose 0.2% after a 0.7% increase in July, while income decreased 0.1%. Take-home pay, adjusted for prices, fell 0.3%, the third decline in the past five months.
U.S. business activity expands faster than expectedPosted by RJ and Makay on Sep 02, 2011 |
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U.S. business activity expanded in August at a faster pace than previously forecasted, alleviating worry that the manufacturing sector was slumping, the Institute for Supply Management-Chicago, Inc. (ISM) said yesterday. The ISM business barometer fell to 56.5 in August, from 58.8 in July, which exceeded the highest estimate of 51 economists surveyed by Bloomberg News.
Daniel J. Boorstin (American social historian and educator, 1914)
