Another story you will not hear.

Posted by Slobokan @ 11:00 am · 149 words · print

U.S. factories boomed at close to a 20-year high in February, according to a survey released on Monday that also suggested a turnaround in hiring may be on the horizon after a three-year struggle.

The Institute for Supply Management said its monthly manufacturing index fell to 61.4 in February from January’s two-decade high of 63.6, showing the ninth straight month of expansion in the sector that makes up less than a fifth of the U.S. economy.

Even though the index fell below the 62.0 level forecast by economists, the strength of the survey’s components gave a lift to stocks and hurt safe-haven U.S. Treasuries. A reading above 50 in the index shows expansion. All 20 industry sectors in the survey also showed expansion.

Another note to the left-wingers: Based on your own statements, this too, is Bush’s fault… right?

Another note to the right-wingers: We told them so.

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Posted In: FYI

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