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US Manufacturers Report Slower Pace of Growth Reports have stated that activity a United States regional manufacturing sector continues to expand. According to firms surveyed for this month's Business Outlook Survey. most of the survey's broad indicators of activity, however, suggest a more moderate pace of growth than in July. Indicators for new orders, shipments, and employment remained positive but fell from their readings in July. Firms continue to report a rise in prices for inputs and for their own finished goods. Despite the decline in the survey's indicators for current activity, expectations for general growth over the next six months remain very positive. Pace of growth moderates the diffusion index of current general activity, the broadest measure of manufacturing conditions, decreased from 36.1 in July to 28.5 in August, suggesting slower growth. The index has remained positive for 15 consecutive months. The new orders and shipments indexes also remained positive but fell back from their readings in July. The current new orders index fell notably, by 16 points to its lowest reading in three months. The current shipments index fell, but by a more modest nine points. Corroborating the slower growth in the broad indicators, the indexes for both delivery times and unfilled orders fell this month. The delivery times index dropped below zero for the first time in seven months and fell 22 points from its July reading. The unfilled orders index fell 17 points. The overall moderation in manufacturing is evident in responses about Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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