|Man Without Qualities|
Wednesday, May 05, 2004
Earlier this week, the Institute for Supply Management's (ISM) survey of manufacturers showed registered 62.4 in April, down slightly from March's 62.5 but still indicating strong growth in manufacturing. But of course manufacturing is not where most of the US economy happens to be.
So the ISM is back with a U.S. service-sector report showing another record month of expansion in the service-sector for April, improving employment and rising prices:
Purchasing and supply executives report that business activity continued to increase in April in the non-manufacturing sector, and at a faster rate of increase than in March, with some indexes reaching record high values. The Business Activity Index for April is 68.4 percent. April's index indicates continued growth across almost all non-manufacturing industries.
Six more months of this to go before election day.
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