Thursday, March 6, 2008

ISM service index going up in February

ISM service index
The ISM index for activity in the sphere of services in USA in February is 49.3 points, and in January it was 44.6 points. The activity in the sector had growns after unexpected hard narrowing in the begining of the year. When the index is 50, it is on the border between expansion and narrowing of the sector, in which there are many datas showing increasing.
In spite of the general index shows a narrowing, the index of the business activity had grown to 50.8 points, which shows expansion in comparison with 41.9 points in January. The January narrowing of the leadingindex is the first from March 2003. According to the report of ISM institute, the financial sector is going to repair from its stability after the crisis made by the Tuesday's mortgage market. The report also shows, that the inflation pressure is getting weak in the sector of the employment, where the index of shares is decreasing with 67.9 points from the level of January 70.7 points.

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