Exports fueled manufacturing growth in June

Tue Jun 24, 2008 10:11 AM EDT

politics, us-news, business, economy, gerald-ford

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NEW YORK — A measure of U.S. manufacturing activity has grown for the first time in five months in June, thanks to strong exports.

The reading of 50.2 from the Institute for Supply Management was up from 49.6 in May. It beat economists' prediction of a reading of 48.7, according to the consensus estimate of Wall Street economists surveyed by Thomson Financial/IFR. A reading above 50 signals growth.

For the previous four months, the index had hovered near its lowest level in five years.

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{"commentId":2038054,"authorDomain":"chasofoxr"}

bama chas

All this under a republican administration

{"commentId":2038054,"threadId":"297764","contentId":"1605483","authorDomain":"chasofoxr"}

#1 - Tue Jun 24, 2008 10:50 AM EDT

{"commentId":2038235,"authorDomain":"scoots"}

mscottring

You're doin' a heck of a job Georgie!

{"commentId":2038235,"threadId":"297764","contentId":"1605483","authorDomain":"scoots"}

#2 - Tue Jun 24, 2008 11:08 AM EDT

{"commentId":2038239,"authorDomain":"scoots"}

mscottring

You're doin' a heck of a job Georgie!

{"commentId":2038239,"threadId":"297764","contentId":"1605483","authorDomain":"scoots"}

#3 - Tue Jun 24, 2008 11:09 AM EDT

{"commentId":2041826,"authorDomain":"GreyWolf"}

Grey Wolf

"Consumer confidence sinks to 16-year-plus low"

Sixteen years? So now consumer confidence is as low as it was under... (...wait for it...) President Bush ...?

{"commentId":2041826,"threadId":"297764","contentId":"1605483","authorDomain":"GreyWolf"}

#4 - Tue Jun 24, 2008 8:59 PM EDT

{"commentId":2054615,"authorDomain":"pfmills81"}

Shane Ashton

I'd like to live in the fantasy world of government statistics. All they have to do is move one little decimal point or fudge one little number to make this outcome come out positive. As long as its positive, the powers that be can say, "Well technically we're not in a recession because GDP grew by .blah blah percent. BULLSH*T"

Anyone who swallows these number, ESPECIALLY the inflation numbers is drinking the Kool-Aid.

Gold and silver anyone?

{"commentId":2054615,"threadId":"297764","contentId":"1605483","authorDomain":"pfmills81"}

1 vote

#5 - Thu Jun 26, 2008 12:34 PM EDT

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Exports fueled manufacturing growth in June

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