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In August, the nonmanufacturing ISM index probably continued in the contraction zone

Posted by BBVA Bancomer in September 1st 2008  
Manufacturing ISM Index (August, Tuesday 10:00 ET) F: 48.5 C: 50.0 P: 49.6 Although manufacturing activity has benefited from solid demand abroad, a slowdown in domestic consumption and rising inventories are likely to limit its pace. Therefore, we expect the manufacturing ISM to remain below its breakeven point of 50 in August. Total Vehicle Sales (August, Wednesday) F: 12.1M C: 13.0M P: 12.5M We expect total vehicle sales to remain weak, declining to 12.1M in August from 12.5M in July. Read More...

Filed under: Fundamental