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Factory Activity Growth Slows in September

October 01, 2010

Brian Battle, Director at Performance Trust Capital Partners, is one of six market experts interviewed in this story to analyze manufacturing numbers for September released by the Institute for Supply Management.

"The data should take the wind out of the camp thinking there's no inflation to worry about, but the data is going to be unreliable on a month-to-month basis since the recovery is so uneven. It's going to be very volatile and there's a lot of uncertainty about the labor market and government policy," said Brian Battle.

"The construction spending number is background noise, and while the sentiment number was good, a change of 1 point isn't a trend. If you graph the number over the past few months, it could signal that we have a little downdraft going here. It is very difficult to be an investor right now because signals are being crossed."

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