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Commodity Prices Falling In Non-Manufacturing Sector, Too

Following Monday's release of the ISM Manufacturing report for January, we noted the net number of commodities rising in price in January fell to its lowest level since December 2008. In this morning's release of the ISM Non Manufacturing report, we didn't see nearly as large a drop in the number of commodities rising in price, but it was still weak. Companies in the services sector saw price increases in seven different commodities, and increases in ten. This is a slight decline compared to December, but nowhere near the severity of the declines in the manufacturing…