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

  • ID: 1927835
  • September 2011
  • Standard & Poors
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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....

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