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To: Paul Kern who wrote (69237)	9/1/2006 10:15:16 AM
From: Paul Kern	Read Replies (1) \| Respond to of 110194

=DJ DATA SNAP/ISM Mfg: Factory Growth Continues In August 09/01/2006 Dow Jones News Services (Copyright © 2006 Dow Jones & Company, Inc.) ========================================================= Aug Jul !Forecast: 55.0 ! ISM Index 54.5 54.7 !Actual: 54.5 ! Prices 73.0 78.5 ! ! Employment 54.0 50.7 ! ! ========================================================= By Michael S. Derby Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--U.S. manufacturing activity continued to grow in August, although continued price pressures kept factory operators worried. Private research group the Institute for Supply Management said Friday that its index of manufacturing activity moved to a reading of 54.5 in August, from 54.7 in July and 53.8 in June. Economists surveyed by Dow Jones Newswires had expected August's reading to hit 55.0. Readings above 50 point to expansion in activity, and describe the breadth of the change. "Manufacturing growth continued at a very strong pace in August," said Norbert Ore, who directs the survey for the ISM. "The major concerns in manufacturing at this point are the continued upward pricing pressure that has existed for the past 13 months, and some industries are experiencing a degree of inventory buildup," he said. In the report, the ISM noted that inflationary pressures faced by manufacturers grew at a slightly slower pace in August, with the prices index moving to 73.0, from 78.5 the month before and 76.5 in June. The group also reported that its new orders index stood at 54.2 last month, from 56.1, while the production index hit 56.6, versus 57.6 in July. Meanwhile, the ISM reported that its employment index showed an improvement in hiring, at a reading of 54.0, from July's 50.7. It also said that its inventories index for August was 50.2, from July's 50.5. -Michael S. Derby, Dow Jones Newswires; 201-938-4192; michael.derby@dowjones.com (END) Dow Jones Newswires 09-01-06 1011ET