ISM Services Slowly Expanding

Posted on Wednesday, November 4, 2009

No upside in employment in the ISM Services data that we saw in ISM Manufacturing on Monday. Per the ISM:

WHAT RESPONDENTS ARE SAYING ...

"General economic tone is still 'wait and see.' Capital outlays are
postponed for durable goods." (Health Care & Social Assistance)"Cost-cutting efforts continue." (Transportation & Warehousing)
"Overall business activity increasing — forecast even better market
conditions in the coming months." (Construction)"Business climate remains encouraging, but recovery will remain slow in
rebounding." (Professional, Scientific & Technical Services)
"The weakening U.S. dollar contributing to upward pressure on commodity
prices." (Wholesale Trade)