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HC_Chief
05-01-2006, 02:58 PM
<font face="COURIER" size=3>APRIL 2006 MANUFACTURING INDEX SUMMARIES
PMI

The PMI indicates that the manufacturing economy grew in April for the 35th consecutive month as it registered 57.3 percent, an increase of 2.1 percentage points when compared to March's reading of 55.2 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.

A PMI in excess of 42 percent, over a period of time, generally indicates an expansion of the overall economy. The April PMI indicates that both the overall economy and the manufacturing sector are growing. "The past relationship between the PMI and the overall economy indicates that the average PMI for January through April (56 percent) corresponds to a 4.8 percent increase in real gross domestic product (GDP). In addition, if the PMI for April (57.3 percent) is annualized, it corresponds to a 5.3 percent increase in real GDP annually."</font>
<a href="http://www.ism.ws/about/mediaroom/newsreleasedetail.cfm?ItemNumber=14413&navItemNumber=12942">link</a>

Oh noes, the economy continues to grow!! We're dooooooooooooooooooooooooooooooooooooomed! :D

What's worse, our productivity is increasing as well :(

<font face="COURIER" size =3>Production

ISM's Production Index registered 60.4 percent in April, 2.9 percentage points higher than the 57.5 percent reported in March. April is the 36th consecutive month of growth in the index. An index above 50 percent, over time, is generally consistent with an increase in the Federal Reserve Board's Industrial Production figures. Of the industries reporting in April, 14 registered growth: Miscellaneous*; Fabricated Metals; Industrial & Commercial Equipment & Computers; Wood & Wood Products; Transportation & Equipment; Apparel; Primary Metals; Chemicals; Electronic Components & Equipment; Food; Furniture; Instruments & Photographic Equipment; Printing & Publishing; and Rubber & Plastic Products.</font>

And, gasp, dear lord, not MORE jobs?! SuX0rz!!! :(

<font face="COURIER" size=3>Employment

ISM's Employment Index expanded for the 11th consecutive month in April. The index registered 55.8 percent in April compared to 52.5 percent in March, an increase of 3.3 percentage points. An Employment Index above 48.9 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment. The 12 industries reporting growth in employment during April are: Miscellaneous*; Glass, Stone & Aggregate; Apparel; Food; Transportation & Equipment; Primary Metals; Electronic Components & Equipment; Industrial & Commercial Equipment & Computers; Printing & Publishing; Fabricated Metals; Chemicals; and Furniture.</font>

CONTINUES to be sad times for the doom & gloomers. :D

HC_Chief
05-01-2006, 03:04 PM
For more comprehensive numbers from ISM's PMI for 2006, click <a href="http://www.ism.ws/files/ISMReport/ROB032006.pdf">here</a> (PDF)

How can the manufacturing sector continue to grow? Cannot use the "oil and gas" argument here - note that MANY sectors continue to grow (have done so for nearly three years now)

Pitt Gorilla
05-01-2006, 03:07 PM
That sounds like great news. Why is it bad news?

Baby Lee
05-01-2006, 03:15 PM
That sounds like great news. Why is it bad news?
When sarcastic meets passive aggressive. ROFL

patteeu
05-01-2006, 03:35 PM
Holy smokes! The economy is overheating and I think it's going to blow. Everyone hit the deck!

HC_Chief
05-01-2006, 03:40 PM
Holy smokes! The economy is overheating and I think it's going to blow. Everyone hit the deck!

On the good news front Chuckie Shumer and Teddy Kennedy may get to sit on a committee to investigate oil companies *snarl**drool***EVIL DOERS!!!!!* profit margins. Combine that with pandering idiotic repub senators offering one-time $100 bribes as a quick fix, while trotting out bullshit talking points, and we MAY end up with Pelosi as majority leader! :D That'll stick a pin in this (obviously) bubble economy. ;)

Mr. Laz
05-01-2006, 04:10 PM
didn't HC start petition or something to get D.C. removed from CP completely?

HC_Chief
05-01-2006, 04:12 PM
didn't HC start petition or something to get D.C. removed from CP completely?

Nope

'Hamas' Jenkins
05-01-2006, 08:29 PM
Isn't it easy for 'manufacturing' jobs to register growth when the definitions for said jobs have been changed to largely those performed by unskilled workers? Isn't this the equivalent of when Reagan touted that he was brining healthier lunches to America's children when in reality they were simply eating more 'vegetables' because the USDA reclassified ketchup as a vegetable?

Braincase
05-01-2006, 09:07 PM
McDonald's is manufacturing more burgers.

Wonder what's happening in the "fine dining" sector?