Services index increases in August

[Conservative]

First off, it's 'SERVICE INDUSTRY', moron.. not 'Service Economy'.those were bloombergs words

From your link...








You pick 1 point, from a single source out of 74 sources, and completely ignore all the rest of your own source, most of which shows bad news.

Typical TM.

I know you perfer an economy in decline but there is good news in this article and you CHOOSE to only see bad.

What is it consumer confidence measures and HOW does that measure rise?

Not by screaming like your hairs on fire that the country is gasping its last breath.

Conversely, you cannot prove saying nice things about the economy raises the index.

Job growth overall is stagnant, new jobs don't pay as well as the old ones, housing starts barely have a pulse, the postal service is preparing to cut 100,000 jobs. To top it all off the clueless one is going to tell us he can fix the economy on Thursday night.

TM is doing a national speech Thursday night?

 

[saveliberty]

Might be Obama's only way out Conservative. lol

 

[Truthmatters]

So you people deny what bloomberg says so you can swipe at little ole me?


you people are insane

 

[Conservative]

So you people deny what bloomberg says so you can swipe at little ole me?


you people are insane

The ARTICLE TITLE says...

Service Industry in U.S. Expands at Faster Pace as ISM Index Rises to 53.3

Not economy.

You fucked up. Face it.

 

[whitehall]

U.S. Service Economy Unexpectedly Grows at Faster Pace in ISM August Index - Bloomberg



The Institute for Supply Management’s index of non- manufacturing businesses increased to 53.3 last month from 52.7 in July. Economists forecast the gauge would drop to 51, according to the median estimate in a Bloomberg News survey. A reading above 50 signals expansion.

A pickup among the non-manufacturing industries that account for about 90 percent of the economy shows the recovery may persist amid dimming job prospects and rising pessimism about the economic outlook. Federal Reserve Chairman Ben S. Bernanke said last month that the economy will probably improve in the second half of this year.

Another desperate left wing effort to spin the depression? Say what? The service industry went from 52.7 to 53.3 in a whopping .6 increase instead of the predicted 2% decrease? In liberal speak no doubt they think of it as a 2.6 increase.

 

[saveliberty]

So you people deny what bloomberg says so you can swipe at little ole me?


you people are insane

Yep the world is insane and your just the lone rational sane one...

 

[Truthmatters]

Me and Bloomberg

 

[driveby]

U.S. Service Economy Unexpectedly Grows at Faster Pace in ISM August Index - Bloomberg



The Institute for Supply Management’s index of non- manufacturing businesses increased to 53.3 last month from 52.7 in July. Economists forecast the gauge would drop to 51, according to the median estimate in a Bloomberg News survey. A reading above 50 signals expansion.

A pickup among the non-manufacturing industries that account for about 90 percent of the economy shows the recovery may persist amid dimming job prospects and rising pessimism about the economic outlook. Federal Reserve Chairman Ben S. Bernanke said last month that the economy will probably improve in the second half of this year.

How many jobs? ....

 

[Conservative]

Me and Bloomberg

Read the article you linked to...
Service Industry in U.S. Expands at Faster Pace as ISM Index Rises to 53.3

dick-drip.

 

[Truthmatters]

why are you pretending the link I gave doesnt say what it says?

because you are as dishonesst as anyone can be.

 

[Toro]

The ISM services number shows that the services economy is expanding. It is consistent with other data that I have seen.

Why is this controversial?

 

[Toro]

There seems to be a lot of confusion on this thread.

Q: What types of economic reports does ISM produce?
...
ISM Non-Manufacturing Report On Business®
— The ISM Non-Manufacturing Report On Business® provides overall insight to the services area of the economy that represents over 80 percent of Gross Domestic Product (GDP). ...

Respondents to ISM surveys indicate each month whether particular activities (e.g., new orders) for their organizations have increased, decreased, or remained unchanged from the previous month. The ISM indexes are calculated by taking the percentage of respondents that report that the activity has increased ("Better") and adding it to one-half of the percentage that report the activity has not changed ("Same") and adding the two percentages. Using half of the "Same" percentage effectively measures the bias toward a positive (above 50 percent) or negative index. As an example of calculating a diffusion index, if the response is 20 percent "Better," 70 percent "Same," and 10 percent "Worse," the Diffusion Index would be 55 percent (20% + [0.50 x 70%]). A reading of 50 percent indicates "no change" from the previous month.

Economists and statisticians have determined that the farther the index is away from the amount that would indicate "no change" (50 percent), the rate of change is greater. Therefore, an index of 60% indicates a faster rate of increase than an index of 55% (increased activity is becoming more dispersed), and an index of 35% indicates a faster rate of decrease than an index of 40% (decreased activity is becoming more dispersed). A value of 100 indicates all respondents are reporting increased activity while 0 indicates that all respondents report decreased activity.

ISM - ISM Report on Business® - ISM Report On Business® Frequently Asked Questions

The news today was good.

 

[Conservative]

why are you pretending the link I gave doesnt say what it says?

because you are as dishonesst as anyone can be.

your utter stupidity knows no bounds.

What the LINK says is immaterial to your original statement that the ARTICLE TITLE said 'ECONOMY', when the ARTICLE TITLE actually says 'INDUSTRY'.

You're too fucking stupid to even understand that you should have said LINK to begin with. Had you done so, you would have been correct.

However, since you originally said the ARTICLE TITLE said 'ECONOMY', and you did NOT say THE LINK says 'ECONOMY' until a few posts ago, you... were... wrong.


Is your error starting to sink in yet, shit for brains?

 

[Charles_Main]

U.S. Service Economy Unexpectedly Grows at Faster Pace in ISM August Index - Bloomberg



The Institute for Supply Management’s index of non- manufacturing businesses increased to 53.3 last month from 52.7 in July. Economists forecast the gauge would drop to 51, according to the median estimate in a Bloomberg News survey. A reading above 50 signals expansion.

A pickup among the non-manufacturing industries that account for about 90 percent of the economy shows the recovery may persist amid dimming job prospects and rising pessimism about the economic outlook. Federal Reserve Chairman Ben S. Bernanke said last month that the economy will probably improve in the second half of this year.

So the only part of our Economy Growing is the Service industry and you think that is a good thing? What happened to you libs saying the problem was we don't make anything anymore? Oh wait I remember what happened, Obama won the WH.

 

[Toro]

When people refer to either the services "industry" or the services "economy," it's the same thing.

 

[Toro]

U.S. Service Economy Unexpectedly Grows at Faster Pace in ISM August Index - Bloomberg



The Institute for Supply Management’s index of non- manufacturing businesses increased to 53.3 last month from 52.7 in July. Economists forecast the gauge would drop to 51, according to the median estimate in a Bloomberg News survey. A reading above 50 signals expansion.

A pickup among the non-manufacturing industries that account for about 90 percent of the economy shows the recovery may persist amid dimming job prospects and rising pessimism about the economic outlook. Federal Reserve Chairman Ben S. Bernanke said last month that the economy will probably improve in the second half of this year.

So the only part of our Economy Growing is the Service industry and you think that is a good thing? What happened to you libs saying the problem was we don't make anything anymore? Oh wait I remember what happened, Obama won the WH.

It is a good thing the services economy is growing. It is 80% of the economy. Of course, you want everything to be growing, but given how negative everyone has been over the past month, a reading of 53 on the ISM services index implies expansion, and that's a good thing.

 

[Conservative]

There seems to be a lot of confusion on this thread.

Q: What types of economic reports does ISM produce?
...
ISM Non-Manufacturing Report On Business®
— The ISM Non-Manufacturing Report On Business® provides overall insight to the services area of the economy that represents over 80 percent of Gross Domestic Product (GDP). ...

Respondents to ISM surveys indicate each month whether particular activities (e.g., new orders) for their organizations have increased, decreased, or remained unchanged from the previous month. The ISM indexes are calculated by taking the percentage of respondents that report that the activity has increased ("Better") and adding it to one-half of the percentage that report the activity has not changed ("Same") and adding the two percentages. Using half of the "Same" percentage effectively measures the bias toward a positive (above 50 percent) or negative index. As an example of calculating a diffusion index, if the response is 20 percent "Better," 70 percent "Same," and 10 percent "Worse," the Diffusion Index would be 55 percent (20% + [0.50 x 70%]). A reading of 50 percent indicates "no change" from the previous month.

Economists and statisticians have determined that the farther the index is away from the amount that would indicate "no change" (50 percent), the rate of change is greater. Therefore, an index of 60% indicates a faster rate of increase than an index of 55% (increased activity is becoming more dispersed), and an index of 35% indicates a faster rate of decrease than an index of 40% (decreased activity is becoming more dispersed). A value of 100 indicates all respondents are reporting increased activity while 0 indicates that all respondents report decreased activity.

ISM - ISM Report on Business® - ISM Report On Business® Frequently Asked Questions

The news today was good.

From the OP article...

Estimates for the index from 74 economists ranged from 49 to 53.5. The Tempe, Arizona-based group’s measure, which covers about 90 percent of the economy, averaged 56.1 in the five years to December 2007, when the last recession began.

The Institute for Supply Management’s index of non- manufacturing businesses increased to 53.3 last month from 52.7 in July.

Their measure was 56.1 when the recession started, and is now reported by them at 53.3.

It's WORSE now than before the recession started.

 

[Toro]

Their measure was 56.1 when the recession started, and is now reported by them at 53.3.

It's WORSE now than before the recession started.

That's not really an issue.

Econoday Report: ISM Non-Mfg Index*September*6,*2011

The ISM services index is above 50. Any reading above 50 implies economic expansion. Of course, the higher the better, but given that there was talk of a lapse back into recession, this reading makes it appear less likely. It doesn't mean we won't, but it is still positive news.

 

[The T]

U.S. Service Economy Unexpectedly Grows at Faster Pace in ISM August Index - Bloomberg



The Institute for Supply Management’s index of non- manufacturing businesses increased to 53.3 last month from 52.7 in July. Economists forecast the gauge would drop to 51, according to the median estimate in a Bloomberg News survey. A reading above 50 signals expansion.

A pickup among the non-manufacturing industries that account for about 90 percent of the economy shows the recovery may persist amid dimming job prospects and rising pessimism about the economic outlook. Federal Reserve Chairman Ben S. Bernanke said last month that the economy will probably improve in the second half of this year.

Looks like Berneke is WRONG and outta ammo. INK is getting pretty expensive for those printing presses...so no QE3

 

[Conservative]

why are you pretending the link I gave doesnt say what it says?

because you are as dishonesst as anyone can be.

your utter stupidity knows no bounds.

What the LINK says is immaterial to your original statement that the ARTICLE TITLE said 'ECONOMY', when the ARTICLE TITLE actually says 'INDUSTRY'.

You're too fucking stupid to even understand that you should have said LINK to begin with. Had you done so, you would have been correct.

However, since you originally said the ARTICLE TITLE said 'ECONOMY', and you did NOT say THE LINK says 'ECONOMY' until a few posts ago, you... were... wrong.


Is your error starting to sink in yet, shit for brains?

To TM:

That's right, byotch... STAY down