Financial and Business News

The index of ISM with 1 point jump

The institute for management of sellings (ISM) increased the index of expectings of managers in relation of orders to 49.6 for May, in comparison with 48.6 in April. The border between increase and decrease of the economy is 50 points. The index for orders in the sphere of industry signed growing, and surprised the economists, when they expected a little bit worse results.
According to Bloomberg, the main reason for this is increased request of American production on the foreign markets, which allows of the companies to continue to work in spite of bad business and delay of the inner market.
Increase of the index shows, that American economy maybe will avoid the crysis in spite of the hard decrease in the prices of real estates and jump of the fuel prices.
The economists expected some falling of the index to 48.5 points in comparison with 48.6 points in April. The main reason for this was the drop of the building companies' orders in April with 0.4%.
According to the index of ISM, new orders increased to 49.7 from 46.5, while the index of the size of production had increased to 51.2 from 49.1. The sign for deliveries fall to 53.7 from 54 points for the previous month.

Labels: Financial News

posted by Zoritza Petrova @ 10:17 PM