WF weekly review.. The data is ok. Things are very weak. So weak that the data on jobs is barely positive. The manufacturing ISM reading was 0.8 over zero growth. Ie sub 50 would infer a contraction of economic activity.. The ISM has come down to 50.8. Is this good news.. not really.. Although it is better than Germany whose ISM has turned sub 50 this month.
http://www.crossingwallstreet.com/wp-content/uploads/2011/11/fredgraph110111.png
Here the WF report:
WeeklyEconomicIndicators-11042011
Rich