Institute for Supply Management's index of service industries due on Oct 4 will show economy is hurt but withstanding the housing slump
Oscar Sanchez
Oct. 1, 2006

The index will most likely fall below 56 but it will not be too far from market expectations. Institute for Supply Management's index of service industries due on Oct 4 will show economy is hurt but withstanding the housing slump.

That is agreat news for the Fed as well business leaders in the country. The lowered gas price at the station and even more importantly the lower natural gas price is helping the economy to pull through in spite of severe hosing slump. What will be significant is the indication that inflation is keep its head above water in spite of slowing economy.

Institute for Supply Management's index of service industries due on Oct 4 will show economy is hurt but withstanding the housing slump
Oscar Sanchez
The index will most likely fall below 56 but it will not be too far from market expectations.
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Institute for Supply Management's September manufacturing index most likely will edge down to 54.0 signalling slowing economy still under mild expansion
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A correlation model taking into account of various regional manufacturing indices, the Supply Management's September manufacturing index will be down.
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