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Politics : Idea Of The Day

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To: Jerry Olson who wrote (19760)9/1/1998 12:47:00 PM
From: Lee  Read Replies (2) of 50167
 
Jerry,..Re:Declining foreign orders hit August U.S. NAPM

Hi Jerry. The headline is illustrative of the problem we have with the media in this country. Manufacturing has been slowing for awhile now and actually has turned up in the latest report yet the media, in trying to sell copy and dramatize numbers in a volatile situation, makes it sound like we just got a big hit from this metric.

Attached is the official NAPM along with some graphs from The Dismal Scientist which put things more in perspective.

napm.org
Economic activity in the manufacturing sector continued to slow in
August when compared to July. The overall economy continued to grow in August for the 88th consecutive month say the nation's purchasing executives in the latest Manufacturing NAPM Report On Business.


dismal.com
NAPM - 1 year

dismal.com
Analysis
dismal.com
Construction Spending
dismal.com
Construction spending analysis

Hope this helps to view the data more objectively.

Best,

Lee
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