Manufacturing Down For A Third Straight Month

Filed under: Forecasts, Indices, Economic Data, Headline News

The Institute for Supply Management reported that its index fell to 55.5 in July, down from 56.2 in June. 74 analysts polled by Reuters had estimated the number to be 54.2.



New orders also fell to 53.5 in July, down from 58.5 in June. Referring to the sharp drop, Pierre Ellis of Decision Economics said: "Even though the decline in the headline number is smaller than expected, the composition shows weakness, particularly in new orders, which is bad news."

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Manufacturing Down For A Third Straight Month originally appeared on BloggingStocks on Mon, 02 Aug 2010 18:00:00 EST. Please see our terms for use of feeds.

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