ISM Nonmanufacturing Index Hits Highest Level Since September

July 6, 2009

The ISM nonmanufacturing index rose to 47.0 from 44.0, a point above the consensus, 46.0. This is good news. Manufacturing is still contracting, but less than before. The employment index rose to a nine-month high of 43.4 from 39. Let's hope we see more good news.

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