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Politics : Formerly About Applied Materials

AMAT 327.03

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Jan 16 3:59 PM EST

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To: StanX Long who wrote (62548)	4/1/2002 4:05:18 AM
From: StanX Long	Read Replies (1) of 70976

U.S. Manufacturing Seen Expanding in March: Bloomberg Survey By Carlos Torres and Terry Barrett quote.bloomberg.com Washington, April 1 (Bloomberg) -- U.S. manufacturing probably expanded in March for a second straight month as factories contribute to an economic rebound in 2002, analysts said in advance of an industry report today. A reading of 54.9 is expected in the Institute for Supply Management's factory index, based on the median of 48 forecasts in a Bloomberg News survey. The index had risen to 54.7 in February. Any number above 50 signals growth, which hasn't happened for two consecutive months since June-July 2000. Better-than-expected consumer demand for goods such as automobiles is leading to improved sales and higher profit forecasts at manufacturers such as BorgWarner Inc. and Dura Automotive Systems Inc. That's one reason the economy probably grew 2 1/2 times faster in the first quarter than in the previous three months. ``Manufacturing is on the rebound,'' said Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc. in New York. ``The inventory correction has ended and production is being increased to meet demand.'' The institute, based in Tempe, Arizona, is scheduled to release the report at 10:00 a.m. Washington time. The group surveys more than 400 companies in 20 industries, including clothing, printing, furniture and plastics. Manufacturing accounts for about one-sixth of the U.S. economy.

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