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Wednesday, October 01, 2008

ISM manufacturing index plunges

by Calculated Risk on 10/01/2008 10:23:00 AM

From MarketWatch: U.S. Sept. ISM manufacturing index plunges to 43.5%

[M]anufacturers cut back production at a much faster pace than expected in September ... This is the lowest level since October 2001.
It appears the economy slowed sharply in September.