To: Lee who wrote (25157 ) 12/15/1997 12:01:00 PM From: jbn3 Respond to of 176387
Lee, re "where is that slowdown everybody keeps talking about?" Damdifiknow. DELL is still building and hiring. The output of consumer goods rose 0.6 percent, with an increase in the production of durable consumer goods accounting for the gain. Automotive products rebounded sharply, and the output of other durables, including appliances, carpeting, and furniture, rose also. The production of nondurable consumer goods was little changed, as gains in the output of food and chemical products were about offset by declines in the use of fuels and electricity by consumers. Business equipment advanced 1.5 percent; the most sizable gains were in the production of transit equipment, which includes aircraft and motor vehicles for business use, and information processing equipment, which includes computers . The output of construction supplies rose 0.8 percent in both October and November reversing the decline in September. On balance, this sector has been about flat, albeit at a high level, for much of this year. The production of materials advanced for a third month, increasing 0.7 percent in November; most of the gain was in durable materials, mainly in parts for high-technology equipment and for motor vehicles . Nondurable materials posted a moderate gain; the production of energy materials was down because of declines in electricity generation and coal mining. Industry Groups Manufacturing output rose 1.0 percent, its largest monthly gain since February 1996. Output in manufacturing excluding motor vehicles and parts was up 0.7 percent, with gains in most industries. The manufacture of durable goods rose 1.4 percent; most of those industries posted sizable increases, the largest of which were in transportation equipment, lumber, and electrical machinery. The production of nondurable goods rose 0.4 percent, its third successive month of moderate advances. Output in mining and at utilities both declined... Other than mining and energy and utilities, I can't find declines. And if the long-term interest rate drops, which I think is almost certain to happen, new home sales should go up. Real Estate will get another big boost in the arm from next year's new tax laws, too. Just count me LONG ON DELL. regards, bachman