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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (3573)	4/5/2004 11:11:13 AM
From: russwinter	Read Replies (1) of 116555

We are seeing higher prices even in the non-manufacturing sector: Non-Manufacturing Sector Business Activity Jumps in March US March ISM non-mfg business activity index stood at 65.8% March Employment Index increases Price pressures jump in March New orders rose to 62.8% in March vs. 60.3% in February The ISM's non-mfg. business activity index fell to 65.8 in March. The overall business activity index extended its upturn to twelve consecutive months. The employment diffusion index rose to 53.9% in March. The index reached 54.4 in November, the strongest reading since March 2000. Disappointing news came from the new export orders index, which was down 4 percentage points from February. Strong export orders are needed to help close the trade deficit, currently at -$43.06 billion. Price pressures jumped in March for both the manufacturing and nonmanufacturing sectors. We are beginning to see across the board price pressures in commodities and that will begin to trickle through to show in the producer price index and consumer price index within the next month or two. ISM Non-Manufacturing Prices Index; 65.7 vs 57.3 a month ago

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