2008-02-05 ISM Non-Manufacturing Composite

ISM Non-Manufacturing Composite (Jan)

Survey 52.5
Actual 44.6
Prior 53.2
Revised n/a

2008-02-05 ISM Non-Manufacturing Business

ISM Non-Manufacturing Business (Jan)

Survey 53.0
Actual 41.9
Prior 53.9
Revised 54.4

These are the types of numbers you get after something like Katrina or 911. Either the economy hit the wall suddenly in January or there is some kind of statistical adjustment that took place.

Note that ISM was revised even higher for December, then collapsed in January. Other statistics that fell apart in January include payrolls, vehicle sales, and mortgage applications, which come out in a few hours, and initial claims, due out tomorrow.

2008-02-05 ABC Consumer Confidence

ABC Consumer Confidence (Feb 3)

Survey n/a
Actual -33
Prior -27
Revised n/a

This has been falling for a while and is no surprise given the headline recession proclamations.


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