Archive for May 2009

Feroli Says Gasoline, Real Estate May Be Factors in ISM

Bloomberg asked:


May 4 (Bloomberg) — Michael Feroli, chief US economist at JPMorgan Chase & Co., discusses the Institute for Supply Management’s report that service industries in the US expanded in April at the slowest pace in eight months, and the outlook for the economy. The ISM’s index of non-manufacturing companies declined to 52.8 last month from 57.3 in March. Readings greater than 50 signal growth. Feroli talks with Margaret Brennan on Bloomberg Television’s “InBusiness.” (Source: Bloomberg)