Patacôncio
04-06-2003, 14:15
A economia americana está a começar a carburar, rumo ao forte crescimento !!!
U.S. May ISM Service Economy Index Rises to 54.5 From 50.7
June 4 (Bloomberg) -- U.S. service industries, the largest part of the economy, expanded in May for a second straight month after energy prices fell and the war in Iraq ended, a private report showed.
The Institute for Supply Management's index for retailing, financial services, construction and other non-manufacturing companies registered 54.5 last month, compared with 50.7 in April. Readings above 50 indicate expansion.
A decline in crude oil prices and the easing of uncertainties surrounding the war helped services companies, which account for 85 percent of the economy, economists said. Consumer confidence rebounded, suggesting the economy may be regaining momentum after growth stalled during the war. Sales at retailers such as Wal-Mart Stores Inc. and Target Corp. probably rose, according to Bank of Tokyo-Mitsubishi Ltd.
``It's a step in the right direction,'' said Michael Moran, chief economist at Daiwa Securities America Inc. in New York, before the report. ``The economy had been doing better before the war, and we still have a long way to go, but it's starting to pick up.''
The Tempe, Arizona, institute's non-manufacturing index was expected to rise to 52 last month, based on the median of 55 estimates in a Bloomberg survey of economists. After showing contraction for half of 2001 as the economy fell into recession, the services gauge had signaled expansion in 14 of the last 16 months through April. The services index is based on a survey of more than 370 non-manufacturing companies.
The institute's manufacturing index for May rose to 49.4 from 45.4 in April and has held below 50 since February. Manufacturing makes up about a seventh of the economy. Regional factory surveys in Chicago, Philadelphia and New York state last month showed rising activity.
Last Updated: June 4, 2003 10:02 EDT
In http://quote.bloomberg.com/apps/news?pid=10000006&sid=a9xHudeUvYPs&refer=home
Um xoxo da minha Patroa !
U.S. May ISM Service Economy Index Rises to 54.5 From 50.7
June 4 (Bloomberg) -- U.S. service industries, the largest part of the economy, expanded in May for a second straight month after energy prices fell and the war in Iraq ended, a private report showed.
The Institute for Supply Management's index for retailing, financial services, construction and other non-manufacturing companies registered 54.5 last month, compared with 50.7 in April. Readings above 50 indicate expansion.
A decline in crude oil prices and the easing of uncertainties surrounding the war helped services companies, which account for 85 percent of the economy, economists said. Consumer confidence rebounded, suggesting the economy may be regaining momentum after growth stalled during the war. Sales at retailers such as Wal-Mart Stores Inc. and Target Corp. probably rose, according to Bank of Tokyo-Mitsubishi Ltd.
``It's a step in the right direction,'' said Michael Moran, chief economist at Daiwa Securities America Inc. in New York, before the report. ``The economy had been doing better before the war, and we still have a long way to go, but it's starting to pick up.''
The Tempe, Arizona, institute's non-manufacturing index was expected to rise to 52 last month, based on the median of 55 estimates in a Bloomberg survey of economists. After showing contraction for half of 2001 as the economy fell into recession, the services gauge had signaled expansion in 14 of the last 16 months through April. The services index is based on a survey of more than 370 non-manufacturing companies.
The institute's manufacturing index for May rose to 49.4 from 45.4 in April and has held below 50 since February. Manufacturing makes up about a seventh of the economy. Regional factory surveys in Chicago, Philadelphia and New York state last month showed rising activity.
Last Updated: June 4, 2003 10:02 EDT
In http://quote.bloomberg.com/apps/news?pid=10000006&sid=a9xHudeUvYPs&refer=home
Um xoxo da minha Patroa !