The Six-Figure Book Advances of Sin | Main | Nick Denton's New Blog: The Sassy, Jew-Hatin' Jihadette
July 01, 2004

Manufacturing Continues Growing Briskly... Yawn

This is so commonplace now I'm less and less interested in even mentioning it. But, as a conservative, I prefer to stand on ceremony:

NEW YORK (Reuters) - U.S. manufacturing expanded briskly for a 13th straight month in June while construction spending cooled a bit in May, according to two reports showing the economy's robust expansion on track.

The Institute for Supply Management said its June survey of factory activity edged down to 61.1 from May's 62.8 level but still reflected hearty growth in the sector that makes up less than a fifth of the economy. A reading above 50 signals growth.

High readings in new orders, production and another solid month of hiring showed strong growth is helping manufacturers heal the wounds of the sharp downturn that led to roughly 3 million job losses.

"I would characterize this as very robust conditions for the manufacturing sector," said Richard DeKaser, chief economist at National City Corp. in Cleveland.

Markets showed little reaction to the economic news..."

I know the feeling. It does get monotonous, doesn't it?

In a hopeful sign for inflation, the prices index also eased down further from its nearly 25-year peak hit two months earlier, falling to 81.0 in June from 86.0 a month earlier. In recent weeks both oil and gasoline prices have come down from their record peaks, though they remain relatively high.

Big deal. So inflation is tame, manufacturing is resurgent and robust, and we're in the biggest and fastest economic boom in 20 damn years.

What about Abu Ghraib? Everyone knows that's the real story.

Obligatory, half-hearted cowbell:


digg this
posted by Ace at 02:36 PM

| Access Comments

Recent Comments
Blonde Morticia: " 237 Allow me to once again publicly state that I ..."

Pennsyltucky: "169 I'm friggen starving to death here, how about ..."

Braenyard: "Publishing those pin-up pictures of her became an ..."

Sponge - China is Asshoe!: "[i]Jeebus. Fredo does love to vid himself working ..."

BurtTC: "Agreed! -- Seconded. Posted by: BackwardsBoy - ..."

BackwardsBoy - Mask Rebel[/i][/s][/b][/u]: "[i]any day now[/i]#TwoWeeks ..."

Jane D'oh: "Jeebus. Fredo does love to vid himself working ou ..."

Sponge - China is Asshoe!: "This is Top. Man. ..."

Mr. Peebles: "We've reached the premise-rejecting stage of Festi ..."

Buck Throckmorton: "Experience tells me that when Democrat officials g ..."

Blonde Morticia: " Brennan is such a deludoid that I wonder why lef ..."

BackwardsBoy - Mask Rebel[/i][/s][/b][/u]: "[i]Agreed![/i]Seconded. ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64