ISM Non-manufacturing

Sharp Drop in Consumer Spending May not be all about Sandy

ISM Non-Manufacturing Index (October 2012) – composite Index 54.2. Previous was 55.1.  Any reading above 50 indicates expansion. Consumer Metrics Institute Absolute Demand Index Not surprisingly Sandy has taken a big bite out of consumer spending. Rick Davis of Consumer Metrics Institute provide a near real time measure of consumer spending.  Look at the top