Economic Data

Wikizines are interactive magazines that anyone can create or edit - and this one is called "Economic Data". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own article... Read Full Story

A key measure of the performance of stores,banks,contractors and travel firms-the service sector-was sharply down for January.The Institute for Supply Management's non-manufacturing index registered a 44.6-well below the 50 that indicates growth.The index characterizes most of the U.S. economy,which is service-oriented.It averages 57.6,which is 13 points higher than January's reading,and had been projected to be at 53.The ISM,a buyers' trade group in Tempe,Arizona,produces some of the most... Read Full Story

As soon as Christmas was over,investors sat down and reviewed economic reports.The first to be scrutinized was the U.S. Commerce Department's Durable Goods report.Orders for these costly items,which are expected to last at least three years,rose just .1%,when they were expected to rise 2.2%.The factories report was down .7%-the second straight monthly decline.Capital goods ex-aircraft fell .4%,while business capital spending dropped .9%.These figures all indicate that businesses are being... Read Full Story

The Institute for Supply Management,a U.S. buyers' trade group,has released its Purchasing Managers Index for September.The manufacturing sector index fell to 52 in September from 52.9 in August,but had been expected to reach 52.5 at a minimum.This indicates continuing ecconomic growth,but at a slower pace than was previously believed.The ISM manufacturing index surveys more than 350 companies.In September,new orders fell to 53.4,down from 55.3 in August.The production index dropped to 54.6... Read Full Story

According to two surveys taken by the Institute for Supply Management,the U.S. economy is slowing.The ISM,a purchasing managers trade group,released its manufacturing and non-manufacturing indexes last week.The manufacturing index,a survey of factories and utilities,dropped from 56 in June to 53.8 in July.In a recession,the index could drop below 50.The non-manufacturing index showed a decline from 60.7 in June to 55.8 in July.Since the service sector represents 80% of the U.S. economy,this... Read Full Story