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S&P Credit Research656 word report
published Nov 04, 2009
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S&P Credit Research
| Abstract: | The Institute for Supply Management (ISM) U.S. Nonmanufacturing Index slipped to 50.6 in October—a bit weaker than the 51.6 expected by markets and under the 50.9 seen in September. It's still much stronger than the 37.4 all-time low seen in November 2008. Employment fell to 41.1 from 44.3, while new orders rose to 55.6 from 54.2. The business activity index was 55.2, little changed from the 55.1 reading seen in September. The slightly weaker-than-expected report will likely be overlooked this morning, as markets await the FOMC statement out later today.
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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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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.
