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Manufacturing expands: 20 straight months
AP

Posted on 02/01/2005 7:13:04 AM PST by SoFloFreeper

NEW YORK (AP) -- The manufacturing sector grew for the 20th consecutive month in January, though at a moderated pace, a private research group reported Tuesday, affirming the rebound in activity at the nations' factories.

The Institute for Supply Management said that its index measuring manufacturing activity declined to 56.4 in January, from a revised reading of 57.3 in December. The January figure was slightly below the reading of 57 anticipated by analysts.

A reading of 50 or above in the index means the manufacturing sector is expanding, while a figure below 50 represents a contraction.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: busheconomy; economy; thebusheconomy; wgids
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Look for this good news to be on CBS tonight. Not.
1 posted on 02/01/2005 7:13:04 AM PST by SoFloFreeper
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To: SoFloFreeper

You mean there weren't 2 million manufacturing jobs lost. I'm in shock and awe! :)


2 posted on 02/01/2005 7:14:04 AM PST by writer33 (The U.S. Constitution defines a conservative.)
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To: writer33

Damn insourcing.


3 posted on 02/01/2005 7:14:41 AM PST by MeanWestTexan
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To: SoFloFreeper; Mo1; Howlin; Peach; BeforeISleep; kimmie7; 4integrity; BigSkyFreeper; RandallFlagg; ..

BUSH'S FAULT!!!


4 posted on 02/01/2005 7:16:45 AM PST by OXENinFLA
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To: SoFloFreeper

More bad news for the Rats.


5 posted on 02/01/2005 7:17:38 AM PST by Piquaboy (22 year veteran of the Army, Air Force and Navy, Pray for all our military .)
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To: MeanWestTexan
Damn insourcing.

This is what happens when you cut taxes. This insourcing is reprehensible. We must achieve balance or we'll never get respect from the rest of the world. :)Hehe!

6 posted on 02/01/2005 7:17:47 AM PST by writer33 (The U.S. Constitution defines a conservative.)
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To: Piquaboy

CNN, true to form, is emphasizing that the manufacturing index FELL from last month. LOL.


7 posted on 02/01/2005 7:18:38 AM PST by SoFloFreeper
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To: writer33

what is china and india gonna do???!!! damned this president!


8 posted on 02/01/2005 7:18:48 AM PST by KOZ. (Razom Nas Bahato!)
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To: SoFloFreeper

Don't you think you-know-who deserves a ping to this article?


9 posted on 02/01/2005 7:19:01 AM PST by johniegrad
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To: SoFloFreeper

We're DOOOOOOOOMED!


10 posted on 02/01/2005 7:19:41 AM PST by kevkrom (If people are free to do as they wish, they are almost certain not to do as Utopian planners wish)
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To: johniegrad

No. who?


11 posted on 02/01/2005 7:20:18 AM PST by SoFloFreeper
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To: SoFloFreeper; All

I thought all of the manufacturing jobs has been shipped to China???


12 posted on 02/01/2005 7:20:19 AM PST by KevinDavis (Let the meek inherit the Earth, the rest of us will explore the stars!)
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To: Poohbah; LowCountryJoe; Toddsterpatriot

How can this be? I thought we sent all of our manufacturing off-planet, or somewhere.


13 posted on 02/01/2005 7:20:25 AM PST by 1rudeboy
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To: johniegrad

HAHAHAHA!


14 posted on 02/01/2005 7:21:30 AM PST by Indy Pendance
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To: KOZ.
The January figure was slightly below the reading of 57 anticipated by analysts.

So the actual reading was 56.4...and CNN's "Money" website emphasizes the horrible DECLINE in manufacturing. What a joke CNN is.

15 posted on 02/01/2005 7:22:09 AM PST by SoFloFreeper
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To: SoFloFreeper

Willie Gault, I think. He's the resident Gandalf Stormcrow of U.S. Manufacturing here.

Not saying he's not got a point. It's just that he wields it as a blunt object.


16 posted on 02/01/2005 7:23:03 AM PST by A Balrog of Morgoth (With fire, sword, and stinging whip I drive the Rats in terror before me.)
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To: SoFloFreeper; Willie Green

Willie.


17 posted on 02/01/2005 7:24:22 AM PST by johniegrad
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To: A Balrog of Morgoth
LOL. Wrong Willie!!


18 posted on 02/01/2005 7:26:29 AM PST by johniegrad
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To: johniegrad

He had a great singing voice too!!

19 posted on 02/01/2005 7:59:49 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: 1rudeboy

Manufacturing can't be growing for the last 20 months. I know 2 guys who lost their jobs. This article is a lie!!


20 posted on 02/01/2005 8:01:21 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: KOZ.
what is china and india gonna do???!!! damned this president!

Oh the humanity!

21 posted on 02/01/2005 8:06:18 AM PST by writer33 (The U.S. Constitution defines a conservative.)
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To: SoFloFreeper
A reading of 50 or above in the index means the manufacturing sector is expanding, while a figure below 50 represents a contraction.

Not true. This index is based on a survey.
Only those factories that remain open are included.
As factories continue to shut-down and relocate offshore, they are dropped from the survey, falsely skewing and inflating the index for those that remain.

22 posted on 02/01/2005 8:16:24 AM PST by Willie Green (Go Pat Go!!!)
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To: writer33
This insourcing is reprehensible. We must achieve balance or we'll never get respect from the rest of the world. :)Hehe!

Actually, you are right, even though you intended to be sarcastic.
"Insourcing" (Direct Foreign Investment in the U.S.) has plummetted by 80% since Dubya first took office.

China beats US as top investor choice
US drops out of world's 10 freest economies list, says WSJ

The Administration's trade and economic policies are responsible for making our domestic environment MORE HOSTILE to business investment. As a result, more businesses (and jobs) continue to relocate offshore.

23 posted on 02/01/2005 8:30:07 AM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green; SoFloFreeper; 1rudeboy
Not true. This index is based on a survey. Only those factories that remain open are included. As factories continue to shut-down and relocate offshore, they are dropped from the survey, falsely skewing and inflating the index for those that remain.

Willie is absolutely correct. We need to get back to the good old days of the 1950's when we produced much more and didn't buy anything from those nasty foreigners. As you can see from the graph, the 1950's were much better...err...never mind.

Don't let the facts get in the way of your point Willie.

24 posted on 02/01/2005 8:30:17 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Toddsterpatriot
We need to get back to the good old days of the 1950's when we produced much more and didn't buy anything from those nasty foreigners. As you can see from the graph...

If domestic "goods production" has increased as a share of GDP, why has it become so difficult to find "Made in the USA" in any of the doggone stores???

McJobs mistake / Sorry, but burger flipping isn't manufacturing

Don't let the facts get in the way of your point Willie.

It's glaringly obvious that your "facts" are intended to mislead the gullible and uninformed.

25 posted on 02/01/2005 8:46:03 AM PST by Willie Green (Go Pat Go!!!)
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To: SoFloFreeper
This article is entirely fiction. There is no more manufacturing in the United States. NONE!


or so I keep hearing

26 posted on 02/01/2005 8:48:05 AM PST by Phantom Lord (Advantages are taken, not handed out)
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To: Willie Green
If domestic "goods production" has increased as a share of GDP, why has it become so difficult to find "Made in the USA" in any of the doggone stores???

Maybe you need some new American made glasses?

It's glaringly obvious that your "facts" are intended to mislead the gullible and uninformed.

My facts were from the US Department of Commerce. Feel free to get your own facts from the US Department of Commerce that prove mine were incorrect. It should be easy, even for you, since all our factories are shutting down and moving offshore.

27 posted on 02/01/2005 8:50:38 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Toddsterpatriot
Feel free to get your own facts from the US Department of Commerce that prove mine were incorrect.

Your disingenous spin is so outlandish that it doesn't pass "the smell test".
In a nutshell, I've got better things to do than waste my time refuting your nonsense.

28 posted on 02/01/2005 9:01:11 AM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green
Your disingenous spin is so outlandish that it doesn't pass "the smell test". In a nutshell, I've got better things to do than waste my time refuting your nonsense.

In other words, you can't.

29 posted on 02/01/2005 9:02:36 AM PST by Phantom Lord (Advantages are taken, not handed out)
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To: Phantom Lord

In other words, I already did.


30 posted on 02/01/2005 9:03:41 AM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green

Willie, you can bitch and complain all you want and claim that manufacturing is on the decline in the US. But the hard facts are that there was more manufacturing activity in the US in 2004 than 2003. And more in 2003 than in 2002.


31 posted on 02/01/2005 9:05:45 AM PST by Phantom Lord (Advantages are taken, not handed out)
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To: SoFloFreeper
Celebration is premature.

Don't forget that China refuses to revalue the yuan, and there are 300 million more rural Chinese in poverty lusting after your job.


BUMP

32 posted on 02/01/2005 9:06:30 AM PST by tm22721
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To: tm22721
and there are 300 million more rural Chinese in poverty lusting after your job.

To put it bluntly, it is not "his job" and it is not "your job." It is the employers job.

33 posted on 02/01/2005 9:08:21 AM PST by Phantom Lord (Advantages are taken, not handed out)
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To: Willie Green; LowCountryJoe; Poohbah; 1rudeboy
In a nutshell, I've got better things to do than waste my time refuting your nonsense.

Willie can't refute the facts from the US Department of Commerce , so he runs away like a little girl. Again. Typical.

34 posted on 02/01/2005 9:11:42 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Willie Green
Your disingenous spin is so outlandish that it doesn't pass "the smell test".

My spin:

Willies spin: If domestic "goods production" has increased as a share of GDP, why has it become so difficult to find "Made in the USA" in any of the doggone stores???

I report, you decide.

35 posted on 02/01/2005 9:14:47 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Phantom Lord
No, the hard facts are that manufacturing employment fell from 17.263 million in Y2K to 14.379 million in '04.
That's a loss of 2.884 million jobs (16.7%)
36 posted on 02/01/2005 9:20:52 AM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green

Wow, that's almost as much as China lost in the same period!


37 posted on 02/01/2005 9:25:40 AM PST by 1rudeboy
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To: Willie Green
No, the hard facts are that manufacturing employment fell from 17.263 million in Y2K to 14.379 million in '04. That's a loss of 2.884 million jobs (16.7%)

Willie, you know you are being dishonest with your reply to me. I said that manufacturing activity increased, not employment in manufacturing.

And China has "lost" more manufacturing jobs than the US over the past 5 years. Who is China losing them too? Or is technology the main reason that fewer jobs are required to produce more goods?

38 posted on 02/01/2005 9:26:01 AM PST by Phantom Lord (Advantages are taken, not handed out)
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To: Willie Green

for example:

U.S. Steel production:
1959: 62,124 (thousand short tons)
1998: 102,400 (thousand short tons)

hmmm, must be modernization/efficiency


39 posted on 02/01/2005 9:40:51 AM PST by dakine
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To: Toddsterpatriot
so he runs away like a little girl.

Actually, YOU were the first to flinch when you dodged my question: "why has it become so difficult to find "Made in the USA" in any of the doggone stores???" The trouble is, you don't have the common sense to know when you've been whooped.


Toddsterpatriot

40 posted on 02/01/2005 9:40:56 AM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green
"why has it become so difficult to find "Made in the USA" in any of the doggone stores???"

I bought an American Flag, made in America, at WAL-MART!

41 posted on 02/01/2005 9:46:42 AM PST by Phantom Lord (Advantages are taken, not handed out)
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To: Phantom Lord
Willie, you know you are being dishonest with your reply to me. I said that manufacturing activity increased, not employment in manufacturing.

Obviously, we're doomed. Soon we won't even be able to feed ourselves.

In 1890, farming still accounted for nearly 43 percent of all U.S. jobs. But farm jobs had dropped to 17 percent of employment by 1940 and to 1.7 percent by 1960. Today, farm employment seems so insignificant that we only bother to report nonfarm employment.

Where the Jobs Went

42 posted on 02/01/2005 9:47:00 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Willie Green
Actually, YOU were the first to flinch when you dodged my question:"why has it become so difficult to find "Made in the USA" in any of the doggone stores???"

When you start using facts instead of anecdotes, then we can have a conversation. As my graph showed, we produce more as a % of GDP than in the 1950's. Just because you can't see the Made in America products doesn't mean they aren't there.

Your feelings and emotions might work better at DU, we prefer facts at FR.

43 posted on 02/01/2005 9:50:40 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Phantom Lord
Willie, you know you are being dishonest with your reply to me. I said that manufacturing activity increased, not employment in manufacturing.

I addressed THAT back in reply #22.
Manufacturing "activity" does not indicate manufacturing sector "expansion".
It only reflects "activity" for those facilities that remain open, NOT the ones that have shut down. As more factories continue to close and move offshore, employment will continue to drop while this index remains skewed to only show "activity" among the remnants.

So what's your point?

44 posted on 02/01/2005 9:50:58 AM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green

Ultimately, Willie, as enough of your factories close, output should fall. But output is increasing. Why?


45 posted on 02/01/2005 9:58:00 AM PST by 1rudeboy
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To: Willie Green
Willie, here is are a couple simple questions that I believe even you can answer.

Were more goods manufactured in the United States in 2004 than in 2003?

Were more goods manufactured in the United States in 2003 than in 2002?

46 posted on 02/01/2005 10:03:12 AM PST by Phantom Lord (Advantages are taken, not handed out)
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To: Toddsterpatriot
Just because you can't see the Made in America products doesn't mean they aren't there.

It's an observation that can be made by any American shopping in any store.
It's incumbent upon YOU to explain the disconnect between your "facts" and observed reality.

47 posted on 02/01/2005 10:07:04 AM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green
It's incumbent upon YOU to explain the disconnect between your "facts" and observed reality.

My facts are from the US Department of Commerce. Your "facts" are based on your limited observations. I'm supposed to explain the disconnect? How about you aren't looking hard enough. Come on Willie, get some facts.

48 posted on 02/01/2005 10:12:19 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Toddsterpatriot
Your "facts" are based on your limited observations. I'm supposed to explain the disconnect?

Yes you are. Pretending that I'm the only one who has ever noticed the scarcity of American-made products in the stores is ludicrous.

49 posted on 02/01/2005 10:34:34 AM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green
Pretending that I'm the only one who has ever noticed the scarcity of American-made products in the stores is ludicrous.

I'm only guessing here, but I think the sample size that the US Department of Commerce used is larger than Willie Green. So how many products in what categories did you look at to find (or not find) American made products?

50 posted on 02/01/2005 10:43:13 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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