Tue, Nov 4 2008, 08:15 GMT
by Peter Possing Andersen, Signe Roed-Frederiksen
The ISM manufacturing index declined from 43.5 to 38.9 in October, the lowest level since September 1982 and below both our and consensus expectations. After four months during which the ISM index continuously overshot actual manufacturing production growth, the index caught up with reality last month. The continued decline in October suggests even weaker growth in the coming months.
Published on Tue, Nov 4 2008, 08:17 GMT
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