Today’s economic statistical releases:

Factory orders fell -0.4% in October with both orders for durables goods down -0.5%, and orders for non-durable goods down -0.3%. But this is a report from October, and last week’s ISM manufacturing index indicates that orders came back fairly strongly in November. Whether that will continue if the Euro collapses is another question.

Speaking of the ISM, the non-manufacturing index today shows some slowing in the service sector, as the index fell from 52.9 to 52. A reading above 50 generally indicates expansion.

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Dale Franks
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