Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  October 31, 2012 17:57:13

U.S. - ISM business activity according to Chicago in October lagged behind market expectations and remained in recession


Business Activity Index compiled the Institute for Supply Management-Chicago for October saw a slight improvement from 49.7 in September to 49.9 points, which, however, still remains in decline, and moreover it is under market expectations počítajícími already with 51 points, that is, with the growth of activities .
American entrepreneurs are afraid of the negative impact of the global downturn in demand and the negative impact of the continued relevance of the auto start of extensive government cuts in case of disagreement on the public budget for next year.

New orders sub-index rose from 47.4 to 50.6 points. employment index fell to 50.3 points from September 52, which is the lowest since December 2009. The production index fell from 55.4 to 51.8 points.
Index for the manufacturing sector fell from 51.5 to 51 points.
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