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SURVEY BASED MEASURES <br />70 <br />65 <br />60 <br />55 <br />50 <br />40 <br />Institute of Supply Management (ISM) Surveys <br />ISM Manufacturing ISM Services ' <br />EXPAN DING <br />CM <br />CHANDLER <br />ASSET MANAGEMENT <br />• <br />• • . •• •" . ,• • <br />• •• • <br />• <br />,• <br />sP O� 2l ✓�, s� OP 2l ✓�, se 60c, 41 ✓e s� OP 21 �4 sP 60c, / ✓e/ sP <br />, V.9 c S dr20 � �0 a�0 c )0 d~c)l � �•I 6�1 1 d��, � �� ,6�2 C d~�0' ICJ' ,6C>0' �' d�C)Q � �Q ,6�V <br />Source: Institute for Supply Management <br />The Institute for Supply Management (ISM) Manufacturing index contracted at a slower rate of 47.2 in September compared to 47.5 in <br />August. Demand remains subdued and companies are continuing to reduce head counts through layoffs, attrition and hiring freezes. The <br />ISM Services Index increased to 54.9 in September, increasing from 51.7 in August, due stronger production and new orders. A reading <br />over 50 indicates expansion, while a reading under 50 indicates contraction. <br />10 <br />29/87 <br />