February 5, 2008
ISM: Biz Activity Contracted In January
By Matthew L. Brown
The Arizona-based Institute for Supply Management 's non-manufacturing index fell to 41.9 in January, the lowest it's been since October 2001.
The ISM non-manufacturing index accounts for all but about 10 percent of the economy, and was 54.4 in December. A reading above 50 signifies growth and a reading below 50 signifies contraction.
The ISM non-manufacturing index accounts for all but about 10 percent of the economy, and was 54.4 in December. A reading above 50 signifies growth and a reading below 50 signifies contraction.
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