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THE ECONOMY.(TO THE POINT)
Chicago Fed national index rises
The Chicago Fed's National Activity Index rose to -0.07 in May from -0.28 in April. A below-zero reading means the economy is growing below historical trends. That's been the case in 22 of the past 23 months. The exception was a zero reading in Jan. "The economic expansion continues to be slower than has typically been the case following a recession," the Fed said.
U.S. seeks to cut service barriers
The U.S. sent its plan for cutting barriers to trade in industries like banking and telecom to other members of the 144-nation WTO. The U.S. wants clearer procedures for regulating service industries or renewing licenses, and full privatization of telecom carriers. It also wants wider access for energy companies to networks and grids.
Japan business confidence gains
The Bank of Japan's quarterly tankan index of corporate confidence jumped 20 points, its biggest gain ever. The index for big manufacturers rose to -18, its highest level since June '01. Respondents based their higher outlook on the assumption that the yen would trade near 125.7 per dollar, but it's now below 120, which could hurt exports.
Japan ...
- Wall Street stumbles as purchasing managers report slowing in manufacturing...
- News wire article from: The America's Intelligence Wire December 1, 2006 700+ words
...contracting. The report, based on a survey of corporate purchasing managers, was seen by some on Wall Street as possibly indicating...economists. Speeches on Friday by Fed Chairman Ben Bernanke, Chicago Fed President Michael Moskow, and Richmond Fed President Jeffrey...
- Economy at `edge of recession,' but won't fall in, Chicago Fed says.
- News wire article from: Chicago Tribune (Chicago, IL) May 31, 2001 700+ words
...recession," said Chicago Fed senior economist...closely watched Chicago Purchasing Managers Report, which showed...equity markets." The Chicago Fed National Activity...The May Chicago Purchasing Managers report did nothing...
- Economy at `edge of recession,' but won't fall in, Chicago Fed says.(Chicago...
- News wire article from: Knight Ridder/Tribune News Service Miller, James P. May 31, 2001 700+ words
...recession," said Chicago Fed senior economist...closely watched Chicago Purchasing Managers Report, which showed...equity markets." The Chicago Fed National Activity...The May Chicago Purchasing Managers report did nothing...
- Wall Street stumbles as purchasing managers report slowing in U.S....
- News wire article from: The America's Intelligence Wire December 1, 2006 700+ words
...prompt the Fed to cut rates. The weak manufacturing snapshot puts more attention on speeches from Fed Chairman Ben Bernanke, Chicago Fed President Michael Moskow and Richmond Fed President Jeffrey Lacker scheduled for Friday. Many on Wall Street believe the...
- News In Brief: Chicago Fed NAI At Negative 1.28.
- Magazine article from: The Bond Buyer November 6, 2001 700+ words
The Chicago Fed National Activity Index for September rose to negative 1.28 from...Additional negatives: industrial production dropped 1%, and the purchasing managers' composite was down. The index is a weighted average of 85 indicators...
- Forecasting the NAPM Purchasing Managers' Index. (National Association of...
- Magazine article from: Journal of Purchasing & Materials Management Raedels, Alan September 22, 1990 700+ words
...Purchasing Manager's Index The Purchasing Managers' Index, published monthly by the...estimates of future values of the Purchasing Managers' Index. The results indicate that...consistent leading indicators of the Purchasing Managers' Index by one month. The Purchasing...
- Connecticut purchasing managers say energy prices are their top concern.
- News wire article from: New Haven Register (New Haven, CT) March 24, 2005 700+ words
...gas and electricity, Connecticut purchasing managers named rising energy costs as their...survey released Wednesday. Most purchasing managers questioned -- 64 percent -- expected...and the Connecticut Association of Purchasing Managers. Likewise, 52 percent of those...
- Purchasing managers foresee continued expansion with minimal inflation....
- Magazine article from: The Bond Buyer Davies, Stephen A. May 4, 1994 700+ words
...WASHINGTON -- Industrial purchasing managers said yesterday that they...in December 1989. The purchasing managers said that improving business...production lines, the purchasing managers said. On average, they...
- US purchasing managers expect prices to rise next year, XINHUA.
- News wire article from: The America's Intelligence Wire December 9, 2004 700+ words
...WASHINGTON, Dec. 9 (Xinhua) -- US purchasing managers expect costs to rise next year...semiannual survey of manufacturing purchasing managers by the Institute for Supply Management...percent two years ago. On average, purchasing managers expect a 4.4 percent increase...
- Purchasing Managers Foresee Strong Economy in San Bernardino, Calif.
- Newspaper article from: Knight Ridder/Tribune Business News January 7, 2004 700+ words
...SAN BERNARDINO, Calif. -- Purchasing managers' optimism is the strongest since...expects to continue strongly. The purchasing managers report, which is published by Shel...Bernardino, showed that December's Purchasing Managers Index was 57.8, compared to November...
