NewsMine — economy — united-states — 2002-wrapup — Viewing Item

Manufacturing sinking Original Source Link: (May no longer be active)    http://www.thestreet.com/_tsclsii/markets/marketfeatures/10056608.html http://www.thestreet.com/_tsclsii/markets/marketfeatures/10056608.html Manufacturing Sector Continues Contracting By Meredith Derby Editorial Assistant 12/02/2002 11:20 AM EST Manufacturing activity improved slightly in November from October, but still indicated contraction in the sector. The Institute for Supply Management said its index of business activity rose slightly to 49.2 in November from 48.5 in October. A reading above 50 indicates manufacturing expansion, and a reading below 50 suggests the sector is contracting. Since September, the index has been below 50. Meanwhile, the Production Index strengthened to 54.6 from 49.3 in October. However, the New Orders index softened to 49.9 from 50.9. "The decline in manufacturing employment is quickening. We are seeing a slowing in the rate of price increases. Overall, there are not really any signs of potential change either upward or downward," said Norbert J. Ore, chair of the ISM. According to the report, eight of the 20 manufacturing industry sectors reported growth: textiles; food; instruments and photographic equipment; tobacco; rubber and plastic products; chemicals; printing and publishing; and furniture. Separately, spending for new U.S. construction rose 0.3% in October, due to strength in single-family home building.

3 week rally Auto sales fall Cut to eisenhower rates Deflation coming { December 3 2002 } Deflation fears Deflation launched great depression Deflation this way Deflationary cliff Double dip economy Dow wsj layoffs Ecnomy races ahead Fed cuts half point { November 6 2002 } Gold perfect asset { October 3 2002 } Housing bubble Inflation or deflation { December 14 2001 } Manufacturing fell Manufacturing sinking New advisors No shrink supply Payrolls tumble { January 10 2003 } Pre election surge Rally comic relief Real estate deflation { August 23 2002 } Sink cisco outlook Soft patch Stocks fall profit fears Treasury secretary resigns upi Treasury secretary resigns Two economic advisors gone { December 5 2002 } Unemployment up Unemplyment up { November 1 2002 } Files Listed: 31

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