• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Intraday Economic News: September Chicago ISM Improves To 60.4 Sep 11 Product Image

Intraday Economic News: September Chicago ISM Improves To 60.4 Sep 11

  • ID: 1927835
  • September 2011
  • Standard & Poors

Abstract
The Chicago ISM/PMI index jumped 3.9 points to 60.4 in September, stronger than the 56.0 we expected and the 55.9 consensus expected, after falling 2.3 points to 56.5 in August. It remains higher than the 50-point benchmark, indicating growth, even though it's still lower than its February high of 71.2. The employment component increased to 60.6 from 52.1 in August. New orders rose to 65.3 from 56.9 the month before, while prices paid slid to 62.3 from 68.6 in August. The better-than-expected report helps support expectations that the recovery in manufacturing is still in place, and it will likely help pare losses to equities today....

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Note: Product cover images may vary from those shown

RELATED PRODUCTS