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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (154127)	3/1/2002 4:07:59 PM
From: maceng2	Read Replies (1) \| Respond to of 436258

Tech up 13% What a day! The higher it goes, the harder it's gonna fall imho. --------------------------------------------------------- US manufacturing rises US manufacturing activity has risen for the first time in 18 months. The leap was fuelled by a rise in orders and increased production. The Institute for Supply Management says its index of business activity rose to 54.7 in February from 49.9 in January. Analysts had been expecting a reading above 50 for the first time since July 2000. An index above 50 signifies expansion, while a figure below 50 shows contraction. ''It looks like the manufacturing side of the economy is finally back on its feet,'' said Gary Thayer, chief economist at A.G. Edwards & Sons. The ISM measure is closely tracked by economists because it offers an early reading on the health of the manufacturing sector. The index is based on a survey of purchasing executives who buy the raw materials for manufacturing at more than 350 companies. The US Commerce Department also reported that consumer spending, which accounts for two-thirds of all economic activity in the United States, rose 0.4% in January. Americans' incomes, which includes wages, interest and government benefits, also edged up by 0.4%. Story filed: 17:46 Friday 1st March 2002 ananova.com