PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (705479)	10/4/2005 10:20:09 AM
From: Hope Praytochange	Read Replies (2) of 769670

Orders to U.S. Factories Post Big Rebound By THE ASSOCIATED PRESS Published: October 4, 2005 Filed at 10:03 a.m. ET WASHINGTON (AP) -- Orders to U.S. factories posted the best increase in three months in August as the manufacturing sector showed strength in the face of surging energy prices. The Commerce Department reported that orders rose by 2.5 percent to $395.2 billion, led by strong demand for computers and other electronic products. The increase followed a 2.5 percent drop in July which had fed worries that manufacturing, an energy-intensive sector of the economy, could falter as crude oil prices climbed to record levels. However, the August rebound and a big jump in September in a closely watched gauge of manufacturing sentiment should ease those worries. The Institute for Supply Management said that its index surged to a 13-month high of 59.4 percent in September despite the surge in energy prices and the battering the economy took from Hurricanes Katrina and Rita. More Articles in Business >

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