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Only 31% of Consumers Expect to Spend as Usual as Weak Wage Growth, High Gas Prices Take Toll
That's according to the latest University of Michigan consumer survey, the last before the mid-term elections. It shows that while most consumers remain under pressure from weak wage growth, high motor fuel costs and worries about job security – a fact reflected in consumer surveys – spending is holding
Services Sector Continues to Expand: ISM
Economic activity in the services sector continued to expand in September, the nation’s purchasing and supply executives in the latest ISM Services PMI Report. The Services PMI registered 54.9%, the 27th consecutive month in expansion territory.
The business activity index for September was 58.6%, clearly in expansion
Manufacturing Activity Expands for 9th Consecutive Month
Economic activity in the manufacturing sector expanded in September for the ninth consecutive month, the nation’s supply executives say in the latest Institute for Supply Management Manufacturing PMI Report.
“In September, U.S. manufacturing activity remained in expansion territory. Of the five subindexes that make up the PMI, only