Jack Lott's Blog – December 2008 Archive (21)

The Institute for Supply Management reported that manufacturing activity in the United States declined at the fastest pace in 27 years in November. The ISM index fell to 36.2% in November from 38.9% in October. It's the lowest since late 1981. Economists were expecting the ISM index to fall to 37%.



Construction spending fell by a larger-than-expected amount in October, an indication the problems facing developers in the form of a sinking economy and severe credit crisis are deepening… Continue