ISM Leaked Early − Looks Bad for US!
Wed, Feb 6 2008, 14:29 GMT
by Andrei Pehar
ISM was just leaked early, ahead of its scheduled 10:00 EST release later today. Looks bad for the US economy - our first official recessionary indicator. Now it's for real. And it's in services, America's largest sector. As anticipated, this is going to be a consumer-led recession (the worst sort - like the great depression), as people get squeezed more and more, lose their homes (or home value) and are now beginning to spend less on services (generally affected after homes and more expensive durable goods).
| . | Actual | Consensus | Prior |
| Index | 41.9 | 53.0 | 54.4 |
| Composite | 44.6 | 52.4 | 53.2 |
| Prices | 70.7 | 69.8 | 71.5 |
