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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (438283)	8/5/2003 10:16:18 AM
From: SecularBull	Respond to of 769670

July ISM non-manufacturing surges to 65.1 By Greg Robb WASHINGTON (CBS.MW)-- The services side of the U.S. economy expanded at a rapid pace in July, the Institute for Supply Management said Tuesday. The ISM non-manufacturing index rose to 65.1 percent in July from 60.6 percent in June. This is the highest level of the index since Oct 1997. This is the 4th consecutive month the index has been over 50. A reading over 50 indicates expansion in the non-manufacturing sectors of the economy. Market economists had expected the index to fall to 58.1 percent, in part because they viewed the large increase in June as unsustainable. The index surged to 60.6 percent in June from 54.5 percent in May. The new orders index jumped to 66.9 percent from 57.5 in May. The ISM is a diffusion index, measuring the breadth, not depth, of economic activity.