Factory Activity Slid in October - WSJ.com:
The Institute for Supply Management, a private research group, reported Monday that its index of manufacturing activity failed to grow for a third consecutive month, moving to 38.9 in October, from the contractionary 43.5 in September and the 49.9 seen in August. The October reading was the lowest since September 1982, when it registered 38.8.
Readings above 50 point to expansion in activity. Economists polled in a survey by Dow Jones Newswires had expected the October index to hit 41.5.
Oh boy!
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