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Manufacturing expands: 20 straight months
AP

Posted on 02/01/2005 7:13:04 AM PST by SoFloFreeper

NEW YORK (AP) -- The manufacturing sector grew for the 20th consecutive month in January, though at a moderated pace, a private research group reported Tuesday, affirming the rebound in activity at the nations' factories.

The Institute for Supply Management said that its index measuring manufacturing activity declined to 56.4 in January, from a revised reading of 57.3 in December. The January figure was slightly below the reading of 57 anticipated by analysts.

A reading of 50 or above in the index means the manufacturing sector is expanding, while a figure below 50 represents a contraction.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: busheconomy; economy; thebusheconomy; wgids
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To: ichabod1
Do they still count building hamburgers as manufacturing?

Have they ever? Source please.

61 posted on 02/01/2005 12:10:56 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: ichabod1
Do they still count building hamburgers as manufacturing?

It isn't the teenager putting burger to bun that got counted as manufacturing but the actual manufacturing of the patty.

62 posted on 02/01/2005 12:11:27 PM PST by Phantom Lord (Advantages are taken, not handed out)
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To: Phantom Lord
And your penchant for ignoring facts is astounding.

Willie doesn't need facts, both his friends said the economy was going downhill.

63 posted on 02/01/2005 12:12:18 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Toddsterpatriot
I believe, and i am clearly open to correction on this, that the actual manufactur of the burger patty has been included in manufacturing numbers.

Not the process of putting the burger on the bun and McDonalds, BK, Wendys, etc...

I could be way off though.

64 posted on 02/01/2005 12:12:26 PM PST by Phantom Lord (Advantages are taken, not handed out)
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To: dakine

WE'RE ALL GOING TO BE REPLACED BY MACHIIIIIINES!


65 posted on 02/01/2005 12:13:01 PM PST by ichabod1 (The Spirit of the Lord Hath Left This Place)
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To: Toddsterpatriot

You don't remember this little gem of a story from last year?

Brace yourself for this one...

White House economists wonder whether hamburger flippers at fast-food restaurants should be considered manufacturers.

In the report last week, Bush's chief economic adviser N. Gregory Mankiw called the definition "somewhat blurry" and asked whether it should be changed. "When a fast-food restaurant sells a hamburger, for example, is it providing a 'service' or is it combining inputs to 'manufacture' a product?"

For an administration that has seen 2.6 million manufacturing jobs vanish since January 2001, raising the possibility of changing how manufacturing jobs are classified has provoked a sharp response, especially in an election year.

When Mankiw's remarks came out this week, Democrats had a field day. In Ohio, presidential hopeful Sen. John Kerry (D-Mass.) said: "If this president is going to tell middle-class factory workers that even though their job has disappeared, they can still have a good manufacturing job at $5.15 an hour at McDonald's, let him come to Ohio."


66 posted on 02/01/2005 12:18:19 PM PST by ichabod1 (The Spirit of the Lord Hath Left This Place)
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To: ichabod1
You don't remember this little gem of a story from last year?

Gee, I read your entire story and didn't see where it said that hamburger flipping was now considered manufacturing. Maybe you should highlight that part so I can see it better.

67 posted on 02/01/2005 12:24:58 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: SoFloFreeper

20 MONTHS BUMP!


68 posted on 02/01/2005 12:25:28 PM PST by Pagey (Hillary talking about the bible,is as hypocritical as Bill carrying one out of church for 8 years)
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To: ichabod1

How funny. You answered your own question. And not merely in the negative, mind you, but defeating its own premise as well.


69 posted on 02/01/2005 12:53:54 PM PST by 1rudeboy
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To: BearWash
But if I start out with one penny in the bank and compound it at even 10% interest, it'll be a long time 'til I'm into wealth. So what I'm saying is the manufacturing activity in the U.S. is still far too low, even if growing.

Just how high should manufacturing go?

Just because Willie Green can't find American made goods doesn't mean they aren't there.

70 posted on 02/02/2005 9:19:25 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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