from Zero Hedge:
"...the Institute for Supply Management revealed that
the February non-manufacturing ISM declined from 55.7 to 55.2, but was
just above the expected 55.0, which was enough to send the headline
scanners into full blown liftathon mode and the S&P to intraday
highs. Ignored was that the key New Orders series actually declined from
58.3 to 54.4, yet offset by a jump in Employment from 55.3 to 57.5.
What was amusing was the jump in New Export Orders to 55.5 from a
contractionary reading. We can't wait to learn just whom the US is
exporting its mission critical services to these days. Finally, and
perhaps most relevant, was one of the healtcare related respondents who
said the truth, the whole truth and nothing but the truth on the issue
of Obamacare: "Healthcare reform causing continued slowdown and less investment." That's only the beginning."
Tuesday, February 5, 2013
Mixed(-Up) ISM
Labels:
Institute for Supply Management,
ISM