PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Lizzie Tudor who wrote (518383)	1/2/2004 10:27:03 AM
From: Oeconomicus	Read Replies (2) of 769670

U.S. Dec factory activity makes surprise surge Friday January 2, 10:10 am ET biz.yahoo.com CHICAGO, Jan 2 (Reuters) - U.S. factories expanded for a sixth straight month in December, with growth surging beyond market expectations to a new 20-year high. The Institute for Supply Management said on Friday its barometer of manufacturing activity jumped to 66.2 in December from 62.8 in November, which at the time was the highest since 1983. Wall Street economists had forecast the index at 61.0, looking for expansion to stabilize from last month's sizzling level. A reading above 50 in the index signals growth in the factory sector, which has been slow to recover from a recession that officially ended in November 2001. New orders, often seen as reflective of future growth, rose to 77.6 from 73.7 while the employment index jumped to 55.5 from 51.0. Prices paid rose to 66.0 from 64.0. A spokesperson said, "Only really clueless idiots believe the economy is weak." ;-)

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