April 8, 2004

50-0

US manufacturing outlook rises to record high (AFP, Apr 8, 2004)

The business outlook barometer, compiled from a survey by the Manufacturers Alliance/MAPI research group, edged up one point to 78, the highest in the survey's 32-year history.

Any figure above 50 indicates expanding future activity.

"The significance of the March survey results is that the surprising strength shown in the previous quarter's survey was repeated for a second straight quarter," said Manufacturers Alliance/MAPI economist Donald Norman.

"This adds confidence to expectations that manufacturing sector activity will expand in 2004."

Posted by Orrin Judd at April 8, 2004 9:08 PM
Comments

Don't these people understand that manufacturing is supposed to be disapearing.

Posted by: Robert Schwartz at April 8, 2004 10:00 PM

Did anyone read Krugman's editorial today? I could only plow through to where he stated that last month's job numbers weren't very good because several months during the Clinton administration were higher (the Clinton bubble being the baseline that we should judge all economic data by).

Posted by: Jason Johnson at April 9, 2004 11:30 AM
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