Karim writes:
Modest improvement from all-time lows
Anecdotals quite weak:
- “Difficulties with consumer and equity loans resulting from economic slowing.” (Finance & Insurance)
- “Business is holding steady in the economic downturn.” (Information)
- “Sales are okay. Credit from suppliers is becoming an issue even with a perfect payment history. Everyone is scared. Prices for most materials declining rapidly.” (Agriculture, Forestry, Fishing & Hunting)
- “State budgets being reduced, corporate clients cancelling training, and clients not acting swiftly on proposals have brought down the backlog and lowered expectations.” (Professional, Scientific & Technical Services)
- “Efforts continue to ramp up to control/reduce spending.” (Management of Companies & Support Services)
- “There has been an overall decline in business. There have been some price decreases as well. Overall capital spend is significantly lower.” (Accommodation & Food Services)
ISM
Dec. 2008. | Nov. 2008 | |
Index | 40.6 | 37.3 |
Prices Paid | 36.0 | 36.6 |
New Orders | 39.9 | 35.4 |
Employment | 34.7 | 31.3 |
Export Orders | 39.5 | 34.5 |
Imports | 32.5 | 40.0 |
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