today’s data 2010-10-01

http://news.morningstar.com/articlenet/article.aspx?id=341796

The Institute for Supply Management purchasing managers index slowed to 54.4 in September from 56.3 in August. The reading was higher than the predicted 54.0, and September showed the 14th straight month of growth. However, the slowdown in growth was a result in a decrease in new orders and production, as well as higher pricing pressures in September.

The Reuters/University of Michigan consumer sentiment index had a September final reading of 68.2, which was up from the initial reading of 66.6 and higher than economists' expectations. However, the reading is still lower that August's 68.9 figure.

The Commerce Department reported consumer spending increased 0.4% in August, the same rate as in July. Domestic incomes also rose 0.5% in August, higher than the 0.2% increase in July. Economists had forecast both spending and income to increase by 0.3% in August.

Construction spending also gained 0.4% in August, countering an expected 0.5% drop. The unexpected increase was attributed to public sector spending, which showed a 2.5% jump. Spending from previous months also saw an upward revision. However, private sector spending decreased in August by 0.9% to $498.2 billion, the lowest level since January 1998.

 

http://news.morningstar.com/articlenet/article.aspx?id=341796

 

(Market hold very well, after 1150, we are going to 1180.

Although there are dips, but we can see 1180 in this end of year,

Cheers, bull!)