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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (10175)12/1/1999 1:08:00 PM
From: Wally Mastroly  Read Replies (1) of 15132
 
NAPM slightly less than expected - cools bond market - for now:

cnnfn.com

Some excerpts:

"..The National Association of Purchasing
Management said its index of manufacturing activity
slipped to 56.2 in November from 56.6 in October, the
second monthly decline and just below the 56.3
reading expected by analysts. The "prices paid"
component -- a measure of costs -- declined to 65.3
from 69.4, its first drop in six months.

While the numbers were a shade weaker than
economists had expected, they remained at levels
that "suggest manufacturing activity continued to
expand at a moderate pace,” said Steven Wood, an
economist with Banc of America Securities in San
Francisco.

Peaked out?

Norbert Ore, chairman of the National Association
of Purchasing Management's survey committee,
reiterated that view -- suggesting manufacturing
activity, while still strong, might have peaked..."

-

Some details from bloomberg:

bloomberg.com
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