l****z
发帖数: 29846 | 1 by Jammie
All bad economic news is unexpected, of course. Well, only for the media and
Obama zombies.
The MNI Chicago Report said its purchasing managers’ index fell to 49.7 in
September from 53.0 in August. Any reading below 50 indicates contraction.
This is the lowest level in three years. The size of the decline was
unexpected. Economists had expected only a small decline.
Amazing how consistently these so-called economist are wrong, huh?
Can you say recession, boys and girls?
The report for September’s Chicago purchasing managers is a huge
disappointment, and the report is sending stocks further south (DJIA -112
and S&P 500 -11). The adjusted index fell to a recessionary/contraction
level of 49.7 from 53.0 in August. This is a recessionary number and it
echoes the cautious stance seen from CFO and CEO outlooks that came out this
week from other sources.
More unexpected news:
The Institute for Supply Management-Chicago said its index of Midwest
business activity fell in September to 49.7, falling below 50 for the first
time since September 2009. A Reuters survey of economists expected a reading
of 53.0 in September.
Meanwhile, consumer sentiment dipped to 78.3 from 79.2 in the
preliminary September report, according to the Thomson Reuters/University of
Michigan Survey. Economists expected a reading of 79.0 in a Reuters survey.
Via Andy. |
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