Monday, December 3, 2007

"The Institute" Reports - Just Slow U.S. Growth

The ISM, formerly the National Association of Purchasing Managers (NAPM) and now all grown-up into an Institute, report that activity is on-balance positive, but hardly zippy. (Read it yourself. That's best).

Worrisome points included a falloff in the employment index. Also, prices are rising - natural gas, plastics, - everything!

Encouraging points included an accelerating export versus import picture. Also, inventories reported to be in quite good condition.

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