Manufacturing Growth Slowed in September
October 17, 2007
The Institute for Supply Management reported its manufacturing index slowed to 52.0 in September, down from 52.9 in August. This is the lowest reading in seven months. Analysts were expecting the index to be 52.5. A reading of 50 or higher indicates expansion, while a reading below 50 shows contraction. Even with the slowdown in manufacturing sector, economists believe the sector is in good shape.
MSNBC.com – Oct. 1, 2007
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