1.10.08

ISM fell

report showed that the manufacturing sector contracted further in September, heightening concerns about the economy's health and the outlook for profits.
The Institute for Supply Management said its index of national factory activity fell to 43.5 in September from 49.9 in August.
A reading above 50 means expansion, below 50 signifies contraction.
http://www.reuters.com/article/marketsNews/idCAN0150088720081001?rpc=44

U.S. Factories Contracted at Faster Pace in September
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNZwtOgTCOh8&refer=home
Manufacturing in the U.S. contracted in September at the fastest pace since the last recession as sales slowed, signaling the credit crisis is spreading beyond Wall Street.

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