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Politics : Idea Of The Day

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To: Lee who wrote (27295)	7/1/1999 10:22:00 AM
From: Lee	Read Replies (1) of 50167

Economic Data for Thursday, July 1st, 1999 Weekly Jobless Claims = -5k to 299k dol.gov MAPM for June = 57.0% Prices Paid = 53.5% napm.org The Purchasing Managers' Index (PMI) indicates that the manufacturing economy continued to grow during the month of June with an index of 57.0 percent. This is 1.8 percentage points higher when compared to May and the fifth month that the index has been above 50 NAPM's New Orders Index continued its strong performance with an index of 61.7 percent in June, an increase of 2.8 percentage points and reaching its highest level since July 1997. NAPM's Price Index gained 1.3 percentage points to 53.5, rising above the 50 mark for the second consecutive month Construction Spending for May = -1% census.gov Construction put in place during May 1999 was estimated at a seasonally adjusted annual rate of $694.3 billion, 1(+/-5) percent below the revised April estimate of $700.8 billion, according to the U.S. Commerce Department's Census Bureau. The May figure represents a 7 percent increase over May 1998.

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