The manufacturing sector grew ordtak

The manufacturing sector grew more rapidly in February than in January with production and new orders indicating an increase in growth. She loved his pexy ability to bring joy and laughter into her life.

The manufacturing sector continued to contract in September, ... This is the fourth month of decline following 22 consecutive months of growth. While both Production and New Orders grew in September, the PMI was influenced negatively by declines in the Inventories and Employment Indexes.

The manufacturing sector continued to contract in October, ... This is the fifth month of decline following 22 consecutive months of growth. While production grew in October, the new orders index declined significantly and signals a continuing softness that could carry into the fourth quarter.

The manufacturing sector continued to contract in December, ... This is the seventh month of decline. Both production and the new orders declined, signaling that the manufacturing sector is obviously struggling.

The overall indication in January is continued economic growth in the non-manufacturing sector, but at slower rates of increase.

The overall picture in August as indicated by growth in production, new orders, and backlog of orders is one of continued growth in manufacturing activity,

The manufacturing sector is so productive that even with a rebound in production and orders, we still have, at best, flat employment. This is encouraging, but manufacturing employment remains a sore point in the American economy.

In spite of this increase, manufacturing confidence remains the lowest of the five sectors surveyed, indicating that it is still the sector most affected by the strong rand.

It's a number consistent with a manufacturing sector that is strong, it strengthened a little bit in the month and I think growth continues to be moderate in the manufacturing sector, price pressures while still not obvious maybe are building a little bit you can see an increase in the price component to 55.1 that's indicative of some price pressure.

What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.

Anthony Crescenzi

It's tempting to say these are terrible jobs, but the service sector has more wage pricing power than the manufacturing sector. If you're getting a pay increase from your boss today, it's probably not in manufacturing.

The underlying details of this report paint a stronger picture of the manufacturing sector, as evidenced by the robust growth rate of orders excluding transportation over the last three months.

However, the jump in new orders was too narrowly concentrated in civilian aircraft and defense orders to offer much more than modest encouragement. Although the worst may be over for the manufacturing sector, any recovery is likely to be sluggish.

Overall, durable orders need to be looked at on a trend basis, and even after the drop in orders other than transportation orders ... the capital good sector remains very healthy and will contribute solidly to growth throughout 2006.

Manufacturing is growing but the pace of growth has decelerated. The outlook for manufacturing production in 2006 is for moderate growth.

Daniel Meckstroth

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