Feb Factory Growth Holds At 15 - Year High
Cliff
http://www.nytimes.com/reuters/2010/03/01/business/business-uk-pmi-manufacturing-britain.html
"Feb Factory Growth Holds At 15 - Year High"
[
The manufacturing sector expanded faster than expected in February, matching the
previous month's 15-year high rate of growth and suggesting the economic
recovery may be gathering pace, figures showed on Monday.
The CIPS/Markit manufacturing purchasing managers' index held at 56.6 last
month, the same level as January, which was the strongest since October 1994.
...
]
Kinda compares with Clinton. eh?
--
Cliff
hal
quite odd that the conservtives insist that their corrupt and greedy
form of government is the only one that will ever work but every time
a Democrat gets into the Presidency the economy improves. Odd that.
>--
>Cliff
D Murphy
news:hsano5lla49a6ebnv...@4ax.com:
>
> http://www.nytimes.com/reuters/2010/03/01/business/business-uk-pmi-
manu
> facturing-britain.html
> "Feb Factory Growth Holds At 15 - Year High"
In the UK
Here's the bad news in the US:
http://money.cnn.com/2010/03/01/news/economy/manufacturing_index/
Factory order slowed down in February. If you'd leave your basement and
have a look around you'd see that the US economy is a disaster.
> [
> The manufacturing sector expanded faster than expected in February,
> matching the previous month's 15-year high rate of growth and
> suggesting the economic recovery may be gathering pace, figures showed
> on Monday.
>
> The CIPS/Markit manufacturing purchasing managers' index held at 56.6
> last month, the same level as January, which was the strongest since
> October 1994. ...
>]
>
> Kinda compares with Clinton. eh?
More like Jimmy Carter. But in reality Obama is exactly like Bush. He's
completely tone deaf, believes bigger government is better, and that
keynisian policies will work this time because he's smarter than the
last dozen or so leaders that they've failed.
--
Dan
Ed Huntress
"D Murphy" <dmur...@att.net> wrote in message
news:Xns9D2EE86AF830...@130.133.4.11...
> Cliff <Clhuprich...@aoltmovetheperiodc.om> wrote in
> news:hsano5lla49a6ebnv...@4ax.com:
>
>>
>> http://www.nytimes.com/reuters/2010/03/01/business/business-uk-pmi-
> manu
>> facturing-britain.html
>> "Feb Factory Growth Holds At 15 - Year High"
>
> In the UK
>
> Here's the bad news in the US:
>
> http://money.cnn.com/2010/03/01/news/economy/manufacturing_index/
>
> Factory order slowed down in February. If you'd leave your basement and
> have a look around you'd see that the US economy is a disaster.
"NEW YORK (CNNMoney.com) -- Manufacturing activity expanded in February for
the seventh straight month, but at a slower pace, a purchasing managers'
group said Monday..."
"'It's obviously a weak report, but it follows a strong January report,
which was the strongest we've seen in six years,' said David Wyss, chief
economist for Standard & Poor's. 'We think a lot of this is
weather-related.'"
So manufacturing is growing, but the analysts think that weather slowed down
the growth rate in February. In other words, we have growth -- the signal
that we're coming out of a recession. Or, put another way, factory orders
did NOT slow down; the RATE of GROWTH slowed down.
I'm curious, Dan: Why do you do things like that? Do you think that no one
will follow your links, and that you can get away with saying any nonsense
you want to, and that it will stick because you're implying it came from the
item you're citing?
I just wonder how peoples' minds work.
>
>> [
>> The manufacturing sector expanded faster than expected in February,
>> matching the previous month's 15-year high rate of growth and
>> suggesting the economic recovery may be gathering pace, figures showed
>> on Monday.
>>
>> The CIPS/Markit manufacturing purchasing managers' index held at 56.6
>> last month, the same level as January, which was the strongest since
>> October 1994. ...
>>]
>>
>> Kinda compares with Clinton. eh?
>
> More like Jimmy Carter. But in reality Obama is exactly like Bush. He's
> completely tone deaf, believes bigger government is better, and that
> keynisian policies will work this time because he's smarter than the
> last dozen or so leaders that they've failed.
I'm going to guess you've never read anything serious about Keynesian
economics, because, if you did, you'd know that we haven't had a Keynesian
policy since Nixon, and that was only for a very short time.
--
Ed Huntress
Curly Surmudgeon
> But in reality Obama is exactly like Bush. He's completely tone deaf,
> believes bigger government is better, and that keynisian policies will
> work this time because he's smarter than the last dozen or so leaders
> that they've failed.
Gee, convenient that you suddenly because a fiscal conservative! A real
born-again conservative you are after trashing people for highlighting
the insanity of the Bush Administration, defending his insanity, you've
suddenly become against spending. Now that it's a Democrat.
Hypocrite.
--
Regards, Curly
------------------------------------------------------------------------------
Republicans: Party Without a Conscious
Democrats: Party Without a Spine
------------------------------------------------------------------------------
Curly Surmudgeon
> "Ed Huntress" <hunt...@optonline.net> wrote in
> news:4b8c8f2f$0$4976$607e...@cv.net:
>
>> I'm curious, Dan: Why do you do things like that? Do you think that no
>> one will follow your links, and that you can get away with saying any
>> nonsense you want to, and that it will stick because you're implying it
>> came from the item you're citing?
>>
>>
> Manufacturing growth certainly isn't at a 15 year high per Cliff's
> claim.
Cliff did not make that claim. Reuters did basing their report on world
economic parameters. Ascribing a lie to someone due to your
misinterpretation doesn't hold water. If you disagree then show your
figures to Reuters.
> I linked to the article to show that manufacturing growth was not at a
> 15 year high, and in fact growth was weakening, inventories are up, and
> production is down.
You posted a link to an article which spoke solely for the United
States. Reuters is world-wide and larger than the United States.
>> I just wonder how peoples' minds work.
>
> Gee, why would I want to refute a guy who uses data FROM ANOTHER COUNTRY
> to claim that things are just wonderful HERE?
Not "ANOTHER COUNTRY" but the world. That includes the United States ad
one component. Where did Cliff make the claim you falsely attribute to
him?
> Yeah, that's a tough one to figure out.
True. It is tough to figure out when you make shit up.
> BTW, you can have weakening growth, strengthening growth and even seven
> months of growth, and still have the sector down over the longer term.
> So yeah, manufacturing is getting a little better but it still sucks
> compared to 12-18 months ago.
Untrue but I understand why you'd want to blame the failure of your
tribe's policies on someone else.
Ed Huntress
>> one will follow your links, and that you can get away with saying any
>> nonsense you want to, and that it will stick because you're implying
>> it came from the item you're citing?
>>
>
>
> year high, and in fact growth was weakening, inventories are up, and
> production is down.
>
>
> to
> claim that things are just wonderful HERE?
>
What I'm wondering is why you took that CNN/Money report you referred to and
implied it said the opposite of what it actually said. That's the kind of
thing that leads to a lot of nutty discussions, when people shoot from the
hip and don't check their facts.
>
> BTW, you can have weakening growth, strengthening growth and even seven
> months of growth, and still have the sector down over the longer term. So
> yeah, manufacturing is getting a little better but it still sucks compared
> to 12-18 months ago.
It's right where it was 15 months ago:
http://research.stlouisfed.org/fred2/graph/?chart_type=line&s[1][id]=IPMAN&s[1][range]=5yrs
But that's what happens in every recession, Dan, and this has been a
particularly deep one:
http://research.stlouisfed.org/fred2/series/IPMAN?cid=3
Look at the curves. Like the article says, production is climbing, as is GDP
in general and the economy as a whole. In every severe recession, employment
is a lagging indicator. It can take a long while for employment to climb
back to where it was. But in terms of the trends, down and then up, this is
just what you would expect -- given a decent amount of stimulus.
--
Ed Huntress
Cliff
>hal wrote:
>>On Mon, 01 Mar 2010 06:59:35 -0500, Cliff wrote:
>>
>>>http://www.nytimes.com/reuters/2010/03/01/business/business-uk-pmi-manufacturing-britain.html
>>> "Feb Factory Growth Holds At 15 - Year High"
>>>
>>>The manufacturing sector expanded faster than expected in February, matching the
>>>previous month's 15-year high rate of growth and suggesting the economic
>>>recovery may be gathering pace, figures showed on Monday.
>>>
>>>The CIPS/Markit manufacturing purchasing managers' index held at 56.6 last
>>>month, the same level as January, which was the strongest since October 1994.
>
>Oh, very nice snipping and editing. You get a lying liberal award.
Snipped nothing. Eited nothing.
Only copied posted first section.
Showed that it continued. Gave source.
Hence you are in error yet again.
>What you snipped was:
>>|| LONDON (Reuters) - The manufacturing sector expanded faster than
>>|| expected in February, matching the previous month's 15-year high rate
>>|| of growth and suggesting the economic recovery may be gathering pace,
>>|| figures showed on Monday.
>
>CIPS/Markit measures British production.
>
>>> Kinda compares with Clinton. eh?
>
>Clinton was president of the UK, was he?
Free clue: The world's economy is a global one.
>>quite odd that the conservtives insist that their corrupt and greedy
>>form of government is the only one that will ever work but every time
>>a Democrat gets into the Presidency the economy improves. Odd that.
>
>0bama is president of the UK, is he? OK, I'll vote for that. They
>can have him.
They do seem to like him as does the rest of the world.
OTOH IIRC Faux is banned in some places.
Perhaps you should not watch it or listen to Rush.
Mind rot seems to spread ......
>The question is, are liberal liars or just stupid?
>
>http://news.alibaba.com/article/detail/markets/100254351-1-uk-feb-factory-growth-holds.html
>UK Feb factory growth holds at 15-yr high-CIPS/Markit
>Published: 01 Mar 2010 19:00:38 PST
>
>LONDON, March 1 - Britain's manufacturing sector expanded faster than
>expected in February, matching the previous month's 15-year high rate
>of growth and suggesting the economic recovery may be gathering pace,
>figures showed on Monday.
>
>The CIPS/Markit manufacturing purchasing managers' index held at 56.6
>last month, the same level as January, which was the strongest since
>October 1994. The index has now held above the 50.0 mark, separating
>expansion from contraction, for five months.
>
>Analysts had expected a reading of 56.1 in February.
>
>Within that growth, output rose for a ninth month in a row, hitting
>its fastest rate of growth since September 1996 with an index score of
>59.8.
Pretty bad, eh?
>And there was more encouraging news for policymakers looking for a
>weaker pound to boost the competitiveness of British manufacturing in
>overseas markets. New export orders grew at the fastest pace since the
>survey started including such data.
Bad news for winger is it?
They want failure at any cost it seems.
--
Cliff
Cliff
wrote:
Dan is a bit of a winger.
They just lie.
>>> [
>>> The manufacturing sector expanded faster than expected in February,
>>> matching the previous month's 15-year high rate of growth and
>>> suggesting the economic recovery may be gathering pace, figures showed
>>> on Monday.
>>>
>>> The CIPS/Markit manufacturing purchasing managers' index held at 56.6
>>> last month, the same level as January, which was the strongest since
>>> October 1994. ...
>>>]
>>>
>>> Kinda compares with Clinton. eh?
>>
>> More like Jimmy Carter. But in reality Obama is exactly like Bush. He's
>> completely tone deaf, believes bigger government is better, and that
>> keynisian policies will work this time because he's smarter than the
>> last dozen or so leaders that they've failed.
>
>I'm going to guess you've never read anything serious about Keynesian
>economics, because, if you did, you'd know that we haven't had a Keynesian
>policy since Nixon, and that was only for a very short time.
IIRC He was one of Dan's heros. A crooked rethug.
--
Cliff
Cliff
<CurlySu...@live.com> wrote:
>On Tue, 02 Mar 2010 03:51:17 +0000, D Murphy <dmur...@att.net> wrote:
>
>> But in reality Obama is exactly like Bush. He's completely tone deaf,
>> believes bigger government is better, and that keynisian policies will
>> work this time because he's smarter than the last dozen or so leaders
>> that they've failed.
>
>Gee, convenient that you suddenly because a fiscal conservative! A real
>born-again conservative you are after trashing people for highlighting
>the insanity of the Bush Administration, defending his insanity, you've
>suddenly become against spending. Now that it's a Democrat.
>
>Hypocrite.
Bingo !
IOW A rethug.
"Do as we say, not as we do."
--
Cliff
Curly Surmudgeon
> Curly Surmudgeon <CurlySu...@live.com> wrote in
> news:hmjh6k$uks$7...@news.eternal-september.org:
>
>> On Tue, 02 Mar 2010 14:05:56 +0000, D Murphy <dmur...@att.net> wrote:
>>
>>> "Ed Huntress" <hunt...@optonline.net> wrote in
>>> news:4b8c8f2f$0$4976$607e...@cv.net:
>>>
>>>> I'm curious, Dan: Why do you do things like that? Do you think that
>>>> no one will follow your links, and that you can get away with saying
>>>> any nonsense you want to, and that it will stick because you're
>>>> implying it came from the item you're citing?
>>>>
>>>>
>>> Manufacturing growth certainly isn't at a 15 year high per Cliff's
>>> claim.
>>
>> Cliff did not make that claim. Reuters did basing their report on
>> world economic parameters. Ascribing a lie to someone due to your
>> misinterpretation doesn't hold water. If you disagree then show your
>> figures to Reuters.
>
> OK. I must have misinterpreted what Cliff was trying to say. I'm glad he
> has you for a spokesman. Will you be answering for him all the time or
> only when he's confused?
Correcting your misrepresentations is an obligation of any honest reader.
> Since he wasn't talking about the US, and was actually talking about the
> UK, then I'll accept his admission that tax cuts work better than
> spending borrowed money to enrich your political cronies when it comes
> to stimulating an economy based on the evidence he presented.
You're reading something not contained in Cliff's posting.
>>> I linked to the article to show that manufacturing growth was not at a
>>> 15 year high, and in fact growth was weakening, inventories are up,
>>> and production is down.
>>
>> You posted a link to an article which spoke solely for the United
>> States. Reuters is world-wide and larger than the United States.
>>
>>>> I just wonder how peoples' minds work.
>>>
>>> Gee, why would I want to refute a guy who uses data FROM ANOTHER
>>> COUNTRY to claim that things are just wonderful HERE?
>>
>> Not "ANOTHER COUNTRY" but the world. That includes the United States
>> ad one component. Where did Cliff make the claim you falsely attribute
>> to him?
>
> Perhaps you should actually read the article, where you would have seen
> this:
>
> [LONDON (Reuters) - The manufacturing sector expanded faster than
> expected in February, matching the previous month's 15-year high rate of
> growth and suggesting the economic recovery may be gathering pace,
> figures showed on Monday.
This is the end of the public link.
> The CIPS/Markit manufacturing purchasing managers' index held at 56.6
> last month, the same level as January, which was the strongest since
> October 1994. The index has now held above the 50.O mark, separating
> expansion from contraction, for five months.
Nothing from here down was in the original posting by Cliff. If you had
additional information then you should have posted it previously and
saved us all some time.
> Analysts had expected a reading of 56.1 in February.
>
> The result came hard on the heels of a survey by the Engineering
> Employers Federation which showed output returned to growth at the start
> of 2010 for the first time in more than a year.
>
> "This bodes well for a good first-quarter GDP figure, but we need to
> remember that manufacturing is still a small part of the UK economy,"
> said James Knightly, an economist at ING.]
>
> Note the part about "the UK economy"
Not publicly available without relinquishing personal data.
> You can also read about the CIPS PMI index here -
> http://www.cips.org/aboutcips/news/pmi/
>
> So it isn't "THE WORLD"
Granted. Next time you criticize someone explain why with data. The
data posted prior to my entry was not complete until now.
>>> Yeah, that's a tough one to figure out.
>>
>> True. It is tough to figure out when you make shit up.
>>
>>> BTW, you can have weakening growth, strengthening growth and even
>>> seven months of growth, and still have the sector down over the longer
>>> term. So yeah, manufacturing is getting a little better but it still
>>> sucks compared to 12-18 months ago.
>>
>> Untrue but I understand why you'd want to blame the failure of your
>> tribe's policies on someone else.
>>
>>
> I don't have a "tribe" but if by "tribe" you mean people that thought
> tax cuts would be more effective at stimulating the economy, then yeah,
> my tribe in Great Britain seems to have failed the manufacturing sector
> there nicely.
"Tribe" is obvious. Translation: neocons/Republican/authoritarian/
crazymotherfuckers.
Gunner Asch
wrote:
>
>The question is, are liberal liars or just stupid?
Both are true.
Gunner
Sid9
"Gunner Asch" <gunne...@gmail.com> wrote in message
news:ho41p5hkl03q9kogg...@4ax.com...
.
RRRs piss and moan...yet the recovery continues on track; retail 70% of our
economy:
March 4, 2010
Despite Storms, Stores Beat Expectations With Relatively Strong Gains
By STEPHANIE ROSENBLOOM
Despite fears that snowstorms in February would dampen sales, the nation's
stores posted their strongest results on Thursday since late 2007,
suggesting the beginnings of a broad recovery in retailing.
Nearly every major chain turned in robust figures, beating analysts'
expectations and recording the sixth consecutive monthly sales increase.
Even long-struggling stores and sectors came back from the dead.
"If anybody was wondering about the real state of the consumer, this is
their answer," said John D. Morris, a retailing analyst with BMO Capital
Markets. "The consumer is coming back."
The results provoked a measure of skepticism, however. A major reason they
looked so good was that they were being compared with the deep declines of
February 2009. That tempered industry professionals' enthusiasm, as did the
continuing high rate of unemployment, which strongly correlates with
consumer spending.
Moody's Investors Service said in a research note on Thursday that while
retailers reported "modestly positive results, we remain unconvinced that
this is evidence of a sustainable trend."
Analysts at Moody's said that in the year ahead, many consumers would be
forced to increase their savings to pay off debt, and that the weak credit
market would continue to squeeze consumers.
With February always a slow sales month, retailing analysts said the major
test of the nascent recovery in retailing would come at the end of April.
Over the next two months, they will be looking to see whether consumers are
willing to open their wallets for spring clothes and Easter-related treats
and decorations.
But for now, the February results are the best news in retailing in many
months.
Comparing this February to last, the industry reported a 4 percent increase
in sales at stores open at least a year, according to Thomson Reuters.
Analysts polled by the company had expected stores to do well, in contrast
to last year's 4.7 percent decline. Even so, the results exceeded their
expectations by more than 1 percent.
The International Council of Shopping Centers, a trade group, published its
own figure, saying the industry had a 3.7 percent increase - the strongest
since November 2007, when sales grew 4.9 percent by that group's measure.
Had the weather been better, the results would probably have been even more
robust. Retailers have a tendency to blame snow and rain for lackluster
sales. But Michael McNamara, vice president for research and analysis at
SpendingPulse, an information service of MasterCard Advisors, said this time
the retailers' lament was justified. He pointed out that sales in the
Northeast and Middle Atlantic states - hit by repeated storms - account for
about 25 percent of all retailing in the United States.
Macy's, for instance, reported a 3.7 percent increase at stores open at
least a year but said that its February increase would have been about 5
percent if not for the storms.
The retailing industry's 4 percent increase in February was the best monthly
percentage jump that the chains had collectively posted since the end of
2007. But that does not mean the stores have returned to the sales levels
they hit at the peak of the boom. Sales fell so far in the recession that
stores have climbed only part of the way back.
Still, the improvement last month was not only pervasive, it included
categories of merchandise that had been hurt most by the downturn.
For example, sales of luxury goods not including jewelry peaked in 2007, and
while they have yet to climb back to that level, they rose by double digits
last month. Sales of luxury goods increased 15.2 percent year-over-year,
according to SpendingPulse. "You're just growing off of an absolutely tiny
sales base last year," Mr. McNamara said.
The February results continue a positive trend for the sector. Sales were up
8.1 percent in January and 5.5 percent in December, compared with the same
months the previous year.
February sales at Saks stores open at least a year, a measure of retail
health known as same-store sales, increased 2 percent. Same-store sales in
the specialty retail segment of Neiman Marcus, which includes Neiman Marcus
and Bergdorf Goodman stores, increased 5.1 percent. At Nordstrom, which
offers a wider range of prices than Saks and Neiman Marcus, sales rose 10.3
percent.
As expected, stores that sell brand names at a discount thrived. Analysts
said that while luxury retailing was enjoying an uptick, value was still
king. Same-store sales rose 11 percent at Ross Stores and 10 percent at TJX
Companies, which owns chains like TJ Maxx, Marshalls and Home Goods.
Other clothing purveyors showed improvement. Same-store sales climbed
year-over-year at nearly every major department store chain, a
long-struggling sector, including Macy's and Kohl's (both up 3.7 percent),
Dillard's (up 2 percent), J. C. Penney (up 1.2 percent) and Bon-Ton (up 0.5
percent). Stein-Mart was an exception, posting a 9.3 percent decline.
There were also increases at most specialty clothing stores and retailers
that cater to teenagers, including Aeropostale (up 7 percent), American
Eagle Outfitters (up 6 percent), Buckle (up 5.1 percent), Wet Seal (up 4.7
percent) and Gap (up 3 percent).
Abercrombie & Fitch, the worst-performing chain for much of the recession,
reported a 5 percent same-store sales increase.
Same-store sales rose by double digits at Zumiez (up 11.2 percent) and
Limited, which owns chains like Victoria's Secret and Bath & Body Works (up
10 percent). Hot Topic was an exception, with sales sinking 7 percent.
Yet even as some consumers bought discretionary items like shirts and
sneakers, they continued to be frugal-minded, driving sales at stores that
sell food and other necessities at low prices.
Same-store sales were strong at discount chains like Costco (up 9 percent),
BJ's Wholesale Club (up 7.5 percent), and Target (up 2.4 percent). Wal-Mart,
the nation's largest retailer, does not report monthly sales. Costco said in
a statement that customer traffic increased by about 3 percent and that the
average transaction amount rose 1 percent.
The International Council of Shopping Centers expects the industry to post a
2.5 percent same-store sales increase in March. Easter, which is a week
earlier this year than last, will most likely help increase sales. So might
tax refunds.
Lookout
wrote:
How's that Socialist Security Check spending, gummer?