Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (3309)	4/1/2004 10:09:44 AM
From: Robert Douglas	Respond to of 116555

U.S. March ISM Manufacturing Index Rises to 62.5 From 61.4 April 1 (Bloomberg) -- A gauge of U.S. manufacturing unexpectedly rose last month, approaching a two-decade high, an industry report showed. The Institute for Supply Management's factory index for March rose to 62.5 from 61.4. It's the fifth month the index has exceeded 60 and the 11th straight month greater than 50, the level that signals growth. The January reading of 63.6 was the highest since December 1983. Companies produced more cars, electronics and business equipment last month as they attempted to restock depleted shelves and warehouses. Qualcomm Inc. and Avnet Inc. are among manufacturers benefiting from rising orders as businesses boost spending on new equipment. The acceleration may help stock the economic expansion and generate more jobs. ``The momentum in manufacturing is picking up,'' said Anthony Chan, chief economist at Banc One Investment Advisors in Columbus, Ohio, before the report. ``The outlook is pretty favorable. The pick up in economic growth is chipping away at cautiousness. Faster growth means more inventories and that will also require higher production and employment.'' Chan had forecast the index would rise to 61.9. Economists had expected a reading of 59.5 in the factory index, based on the median of 67 forecasts in a Bloomberg News survey. The Tempe, Arizona-based, group surveys more than 400 companies in 20 industries, including clothing, printing, transportation, furniture and plastics. Manufacturing accounts for about one-seventh of the economy.

To: mishedlo who wrote (3309)	4/1/2004 10:17:22 AM
From: yard_man	Respond to of 116555

why do they call them industrials any more?? that's as funny as the PPI -- Producers KNOW what is happening to their prices ... government has lost almost all its credibility

To: mishedlo who wrote (3309)	4/1/2004 10:18:23 AM
From: yard_man	Respond to of 116555

don't be fooled by the chicanery -- buy the coming dip in golds -- it never was about inflation in the first place -- at least not the kind the talking heads go on about ...