Service Sector Contracts Unexpectedly in January
Topics:Consumers | Economy (Global) | Economy (U.S.)
By Reuters | 05 Feb 2008 | 09:07 AM ET
The U.S. services sector retreated sharply in January, according to the Institute for Supply Management.
The industry group said on Tuesday its index of non-manufacturing plunged to 41.9 from 54.4 in December. Wall Street analysts had been looking for a much more moderate decrease to 53.0.
"The ISM non manufacturing index tells us that the recession has indeed arrived," Jane Caron, chief economic strategist at Dwight Asset Management in Burlington, Vermont, told Reuters. "For the Fed, it justifies their aggressive action and I think that low Treasury yields in the market are probably justified."
Nakon ove objave, futuresi su naglo pali, a evropski indexi zaronili više od 2%
Sve je više dokaza za recesiju (jobs od petka), a FED agresivno reže kamatne stope. Kažu da je to samo djelomično zbog recesije i da je glavni "concern" kreditna kriza!
Vidjet ćemo hoće li to biti početak novog "lega" prema dolje ili samo privremeni disturbance.
Post je objavljen 05.02.2008. u 15:23 sati.