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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (561516)4/8/2004 11:25:11 AM
From: JakeStraw   of 769670
 
US manufacturing outlook rises to record high

[08 Apr 2004]
WASHINGTON (AFP)

A barometer of the US manufacturing outlook shot to a record high in March, and factory job prospects improved, a survey of industry executives showed.

The business outlook barometer, compiled from a survey by the Manufacturers Alliance/MAPI research group, edged up one point to 78, the highest in the survey's 32-year history.

Any figure above 50 indicates expanding future activity.

"The significance of the March survey results is that the surprising strength shown in the previous quarter's survey was repeated for a second straight quarter," said Manufacturers Alliance/MAPI economist Donald Norman.

"This adds confidence to expectations that manufacturing sector activity will expand in 2004."
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