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Politics : Idea Of The Day

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To: Lee who wrote (30564)	2/1/2000 10:30:00 AM
From: Lee	Read Replies (2) of 50167

Economic Data for Tuesday, Feb. 1, 2000 Construction Spending for Dec = +2.0% census.gov Construction put in place during December 1999 was estimated at a seasonally adjusted annual rate of $730.3 billion, 2 (+/-5) percent above the revised November estimate of $716.0 billion, according to the U.S. Commerce Department's Census Bureau. The December figure represents a 6 percent increase over December 1998. NAPM for Jan = +56.3% Prices Paid = +72.6% napm.org The Purchasing Managers' Index (PMI) indicates that the manufacturing economy continued to grow during the month of January, but at a slower rate, with an index of 56.3 percent. This is 0.5 percentage point lower when compared to December and the twelfth month that the index has been above 50. NAPM's Price Index is 72.6 percent in January, 4.3 percentage points higher than the 68.3 percent recorded for December. Manufacturers continue to pay higher prices as the Index has been above 50 percent for nine consecutive months, with the last five months above 60 percent.

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