Economic Notes for the Week of October 8th

The monthly ISM manufacturing index number for September rose more than expected, from 49.6 to 51.5 (versus consensus expectations of 49.7).  Contained in the report were increases in new orders, production, employment and supplier deliveries (virtually every category).  Non-manufacturing ISM was also higher than expected for September, with a rise from 53.7 to 55.1, which was higher than the anticipated 53.4.  The details of the report showed strong readings from new orders as well as readings of general business activity.  On the more negative side, the employment component fell a bit, and prices paid rose. Read more