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US manufacturing sector continues to expand; growth rate dips
newratings.com ^ | March 2, 2005 | unattributed

Posted on 03/02/2005 6:50:16 AM PST by 1rudeboy

NEW YORK, March 2 (newratings.com) – US industrial production increased for the 21st consecutive month in February this year, but the output growth rate declined for the third consecutive month, the latest Institute for Supply Management (ISM) report said.

According to a report published on Tuesday, the ISM index of national manufacturing activity declined to 55.3 in February this year, from a reading of 56.4 in the previous month. Economists had been forecasting an increase in the index to 57.0, on average, in February. The closely monitored ISM index, which is compiled from monthly surveys of purchasing managers at more than 400 manufacturing firms, has declined for four consecutive months and has reached its lowest level since September 2003. The ISM report said that while the overall rate of growth has been slowing, the overall picture is improving with the easing of concerns related to price hikes and shortfalls. The ISM index reading of at least 50 indicates growth in the US manufacturing sector and the index has remained above the 50 mark for 21 consecutive months. The ISM report said that February was another good month for the US manufacturing sector, with 13 out of 20 manufacturing sectors surveyed reporting growth.


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: thebusheconomy
How can this be?
1 posted on 03/02/2005 6:50:18 AM PST by 1rudeboy
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To: 1rudeboy

shhhh. Don't tell Willie Green.


2 posted on 03/02/2005 6:51:46 AM PST by pissant
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To: 1rudeboy

A decline in the rate of growth should not be discussed as if it were an absolute decline and, therefore, a sign that we are doomed.


3 posted on 03/02/2005 6:52:46 AM PST by ClearCase_guy (The fourth estate is a fifth column.)
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To: ClearCase_guy

You would not believe how many folks on this website fall for that trick.


4 posted on 03/02/2005 6:53:55 AM PST by 1rudeboy
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To: ClearCase_guy
Here is an example. Look at reply #68.
5 posted on 03/02/2005 7:02:55 AM PST by 1rudeboy
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To: Toddsterpatriot

bttt


6 posted on 03/02/2005 7:05:40 AM PST by 1rudeboy
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To: 1rudeboy; Grampa Dave; Dog Gone; Lando Lincoln; Southack; roaddog727
Not to change the subject, but here's somemore interesting "chatter" on the economic front, this AM from MarketWatch.com:

9:59 Greenspan: Medicare more a problem than Social Security
9:59 Greenspan: higher taxes not a solution to deficit
9:59 Greenspan repeats support for private savings accounts
9:59 Greenspan: Social Security changes should come soon

7 posted on 03/02/2005 7:11:06 AM PST by SierraWasp (The Dems have lost whatever "redeeming social value" they ever had!!! Just ask Zell...)
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To: 1rudeboy
growth rate dips

Damn it. It's Bush's fault. Foreigners don't even want to invest here anymore.

8 posted on 03/02/2005 7:11:07 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: 1rudeboy
Oh! Then he said this:

10:09 Greenspan says 'major' deficit cutting are necessary

9 posted on 03/02/2005 7:13:44 AM PST by SierraWasp (The Dems have lost whatever "redeeming social value" they ever had!!! Just ask Zell...)
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To: Willie Green

ping


10 posted on 03/02/2005 7:18:51 AM PST by Jack Black
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To: SierraWasp

Comments like those from Greenspan, must be like getting stung by bumble bees for the Rat Congressits.


11 posted on 03/02/2005 7:19:57 AM PST by Grampa Dave (The MSM has been a WMD, Weapon of Mass Disinformation for the Rats for at least 4 decades.)
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To: 1rudeboy; SierraWasp

Ok,

So we're increasing at a decreasing rate.

Point is, we're still increasing (or in the case of manufaturing activities) expanding.

As the article points out, as long as the figure is above 50, the Manufacturing sector is expanding.


12 posted on 03/02/2005 7:20:23 AM PST by roaddog727 (The marginal propensity to save is 1 minus the marginal propensity to consume.)
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To: 1rudeboy

Yes, continued good numbers there -- and my wild guess looking at the global numbers is that even this slight decrease in the increase is just a blip, and we should see this moving back up, though it may stray down just a bit more for short time.


13 posted on 03/02/2005 7:31:42 AM PST by snowsislander
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To: ClearCase_guy
A decline in the rate of growth should not be discussed as if it were an absolute decline and, therefore, a sign that we are doomed.

Don't tell the Democrats. That's the only way they can always wail and lament about how the Republicans are "cutting Grandma's Social[ist] Security"! ;-)

14 posted on 03/04/2005 1:50:31 PM PST by Still Thinking (Disregard the law of unintended consequences at your own risk.)
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