Thread: blip or trend?
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RickM RickM is offline
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This released today:

"Factory Orders Grew Stronger in June
By JEANNINE AVERSA, Associated Press Writer

WASHINGTON - America's factories saw orders grow stronger in June, a spot of good news for manufacturers and for the economic recovery.

The Commerce Department (news - web sites) reported Wednesday that orders placed with U.S. factories rose by a solid 0.7 percent in June from the previous month. The performance exceeded economists' expectations for a 0.5 percent advance.

The increase, the largest since March, was up from a 0.4 percent rise in May.

"Manufacturing looks quite healthy for the reason that its big demand drivers — business investment and exports — at the moment are operating at a higher gear," said Clifford Waldman, economist at Manufacturers Alliance/MAPI, a research group...."

Entire story:

http://story.news.yahoo.com/news?tmpl=story&cid=668&ncid=749&e=6&u=/ap/20040804/ap_on_bi_go_ec_fi/economy
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Warren & Ron, may you rest in Peace.
Old 08-04-2004, 02:05 PM
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