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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (24631)	3/1/2005 10:42:18 AM
From: mishedlo	of 116555

U.S. Feb ISM Tuesday, March 1, 2005 3:35:50 PM afxpress.com WASHINGTON (AFX) -- Factory activity in the United States decelerated again in February, the Institute for Supply Management reported Tuesday. The index has slipped for four straight months. The index is at its lowest level of the index since Sept. 2003. The ISM index fell to 55.3 percent in February from 56.4 percent in January. The decline was unexpected. The consensus forecast of estimates collected by Marketwatch was for the index to rise to 56.7. "While the overall rate of growth is slowing, the overall picture is improving as price increases and shortages are becoming less of a problem," said Norbert Ore, chair of the ISM factory survey Bond prices rose after the ISM data was released. Readings above 50 indicate expansion. The index has been above 50 for 21 straight months New orders fell to 55.8 in February from 56.5 in January, while production fell to 56.7 from 57.8 The employment index fell to 57.4 from 58.1 Prices fell to 65.5 in February from 69.0 in January

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