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THE ECONOMY.(TO THE POINT)
Housing more affordable in Q3
Thanks to lower mortgage rates and higher incomes, a typical household had 135.3% of the income needed to buy a home, the National Association of Realtors said. That's up from 132.4% in Q2 and 133.1% a year ago. The index reflects Q3's median sale price of $161,800, up 2.6% from Q2, and median-family income of $52,689, up 0.5%.
** The Economic Cycle Research Institute's weekly gauge of U.S. economic activity dipped to 118.3 in the week ended Oct. 25 from 118.8 the prior week. The index's growth rate was flat at -3.4%. ECRI said the data still suggest slow growth, not recession.
Dollar nears parity against euro
The dollar fell against most major currencies, as bad economic news hit the market. Against the euro, the dollar at one point Friday broke the key $1 mark. But it ended at 99.62 cents vs. Thursday's 98.97 cents.
Holiday parties on hold for now
Corporate party planners and caterers say holiday business is down 40%-50%, a Challenger, Gray & Christmas survey found. Many firms ...
- U.S. Jan. nonmanufacturing index rises to record high.
- News wire article from: The America's Intelligence Wire February 4, 2004 700+ words
...the U.S. economy surged in January, the Institute for Supply Management reported Wednesday. The ISM's nonmanufacturing index rose to a record 65.7 percent from 58.0 in December, indicating a much faster pace of expansion. This...
- U.S. Jan. nonmanufacturing index rises to record hights.
- News wire article from: The America's Intelligence Wire February 4, 2004 700+ words
...the U.S. economy surged in January, the Institute for Supply Management reported Wednesday. The ISM's nonmanufacturing index rose to a record 65.7 percent from 58.0 in December, indicating a much faster pace of expansion. This...
- U.S. March nonmanufacturing index hits record high.
- News wire article from: The America's Intelligence Wire April 5, 2004 700+ words
...S. economy hit a record high in March, the Institute for Supply Management reported Monday. The ISM's nonmanufacturing index rose to 65.8 percent from 60.8 in February, indicating improving conditions in the services sector. The...
- U.S. Aug. nonmanufacturing index 58.2% vs 64.8% in July.
- News wire article from: The America's Intelligence Wire September 3, 2004 700+ words
...sectors of the U.S. decreased in August, the Institute for Supply Management reported Wednesday. The ISM's nonmanufacturing index fell to 58.2percent from 64.8 percent in July, indicating a slower pace of expansion. The decline was...
- U.S. July nonmanufacturing index expands to 64.8%.
- News wire article from: The America's Intelligence Wire August 4, 2004 700+ words
...sectors of the U.S. increased in July, the Institute for Supply Management reported Wednesday. The ISM's nonmanufacturing index rose to 64.8 percent from 59.5 percent in June, indicating a faster pace of expansion. The gain was larger...
- U.S. June ISM nonmanufacturing index 59.5% vs. 65.2%.
- News wire article from: The America's Intelligence Wire July 6, 2004 700+ words
...robust pace in June, but slower than in May, the Institute for Supply Management reported Tuesday. The ISM nonmanufacturing index fell to 59.9 percent from 65.2 percent in May. The index had been above 60 percent for five straight months...
- U.S. Dec. ISM nonmanufacturing index falls to 58.6%.
- News wire article from: The America's Intelligence Wire January 6, 2004 700+ words
...S. economy grew strongly in December, the Institute for Supply Management reported Tuesday. The ISM's nonmanufacturing index fell to 58.6 percent from 60.1 in November, indicating a slower pace of expansion. Economists expected...
- U.S. Nov. ISM nonmanufacturing index falls to 60.1%.
- News wire article from: The America's Intelligence Wire December 3, 2003 700+ words
...expanded at a slightly slower pace in November, according to the Institute for Supply Management. The ISM nonmanufacturing index fell to 60.1 percent in November from 64.7 in October. Readings over 50 percent indicate a majority of...
- U.S. Aug. ISM nonmanufacturing index slips to 58.2%.
- News wire article from: The America's Intelligence Wire September 3, 2004 700+ words
...of the U.S. decelerated in August, the Institute for Supply Management reported Wednesday. The ISM's nonmanufacturing index fell to 58.2 percent from 64.8 percent in July, indicating a slower pace of expansion. Read full survey...
- UPDATE 2-U.S. ISM nonmanufacturing index improves to 54.5 in May.
- News wire article from: The America's Intelligence Wire June 4, 2003 700+ words
...Wednesday, renewing optimism for at least a mild economic pickup as the year progresses. The ISM's May nonmanufacturing index registered at 54.5, up from 50.7 in April. Readings above 50 indicate business expansion and below that...