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S&P Credit Research656 word report
published Oct 30, 2009
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S&P Credit Research
| Abstract: | The Purchasing Managers Index (PMI) from the Chicago chapter of the Institute for Supply Management jumped to 54.1 in October from 46.1 in September. The consensus was for a smaller rise to 48.1. The biggest improvements were in orders and production. Employment fell to 38.3 from 38.8. The move above 50 shows a surprise shift to growth; the index hit 50 in August, but dropped back in September with the drop in car sales. The improvement was unexpected and suggests stronger growth going into the fourth quarter.
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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| Format: | | HTML |  |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.