Tuesday, October 5, 2010

Services Sector Expands... Exports Lead the Way

It will be interesting to see what a weaker dollar means to exports on a going forward basis (was this just noise or the start of something?).

What respondents are saying ...

  • "General state of the business has not changed in the last three months. The market is still soft for new sales due to financing requirements." (Construction)
  • "Business seems to be flat from last month." (Finance & Insurance)
  • "Signs that the economy may be improving, but our sector is still flat or declining." (Professional, Scientific & Technical Services)
  • "Business activity is generally stable — slightly better than last year." (Accommodation & Food Services)
  • "Third quarter is looking profitable with improving confidence and expectations in the economy. Capital expenditures are being approved." (Wholesale Trade)

Source: ISM

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