Currency
by ForexNewsNow Team on October 5, 2010

Indicator analysis: ISM non-manufacturing PMI exceeds forecasts

indicator analysis - U.S. ISM non-manufacturing PMI releasedNEW YORK (Forex News Now) – Activity in the U.S. non-manufacturing sector grew more than forecast in September, a report showed on Tuesday in one of the day’s spotlight realtime forex news events.

In a report that was scrutinized by FX traders, the Institute for Supply Management said its index of non-manufacturing activity, based on surveyed purchasing managers in mostly service sector firms, rose to 53.2 during the month, up from 51.5 in August.

Analysts had expected a more modest increase to 53.2 in September, two major currency market trading news outlets reported.

Anthony Nieves, chair of the Institute for Supply Management Non-Manufacturing Business Survey Committee, said in a statement: “Respondents’ comments continue to be mixed about business conditions, with a slight majority reflecting optimism.”

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))