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Through for the United States at 57. 8. The previous number, 56. 9. The survey, 56. 2. We have a easily beaten expectations on this number, but the details are important. Lets dig into the details with bloombergs mike mckee. Michael important to realize this is a diffusion index that basically asks companies, what are things like this month compared to last month. There is a bit of an improvement. The level of improvement has slowed some. But that is a reasonably good number because we see business activity, which is sort of the same of production in the manufacturing index, up to 63 from 62. 4, and new orders up. Again, this compares with the last month. We were at very low levels, so the fact that things are expanding doesnt mean we are back to where we were. It just means that things are gradually Getting Better. The one thing everyone has been watching his employment. This report comes out too late to influence everybodys view on what the payroll report was like for august for sept

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