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ISM Non-Manufacturing Index in U.S. Fell to 54.4 in September
The Institute for Supply Management’s U.S. non-manufacturing index fell to 54.4 in September from 58.6 the prior month, the Tempe, Arizona-based group said today. The median forecast in a Bloomberg survey called for a drop to 57. Estimates of the 75 economists ranged from 55 to 59. A reading greater than 50 indicates expansion. The figure includes industries that range from utilities and retail to health care, housing and finance and make up almost 90 percent of the economy. Another report today showed fewer Americans than forecast filed applications for unemployment benefits last week, indicating U.S. employers ... (full story)
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