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|    U.S. Factory Growth Hit By tRUMPflation     |
|    12 Apr 22 11:08:16    |
      XPost: alt.survival, alt.fan.rush-limbaugh, can.politics       XPost: rec.arts.tv, alt.politics, alt.atheism       XPost: talk.politics.guns, alt.abortion, alt.global-warming       XPost: alt.journalism.criticism, alt.news-media, alt.checkmate       From: liamhardshell@bikerider.com              >U.S. manufacturers were hit by a torrent of higher prices, weaker customer       >demand, slower supplier deliveries, shortages of raw materials, and omicron       >-fueled labor scarcity that slowed production in January, according to a su       >rvey by the Institute for Supply Management.       >       >ISM said that its inflation measure showed prices rising at a faster rate i       >n January after a brief respite in December, pushing the price index to 76.       >1 percent. This is the 20th month in a rose of increasing prices and the 17       >th consecutive month in which its index for prices has been above 60 percen       >t.       >       >When the prices index is above 52.6 percent, that typically indicates an in       >crease in the Bureau of Labor Statistics Producer Price Index for intermedi       >ate materials, a measure of inflation that looks at prices paid for goods b       >y firms that transform them into products for final sale to businesses, con       >sumers, and governments.       >       >All of the 17 manufacturing industries tracked by ISM reported paying highe       >r prices for raw materials. Ongoing scarcity helped push prices higher for       >everything from aluminum and steel to cardboard and packaging material to l       >umber and vegetable oils, ISM said.       >       >The index of supplier deliveries dipped to 64.6 percent from 64.9 percent i       >n December, indicating slower deliveries. All of the six top manufacturing       >industries reported slower deliveries. But the pace of the slowdown was its       >elf slower, indicating a possible leveling off. ISM’s Timothy Fiore       > said supplier expected to be back on track in February and moving toward a       > better supply-and-demand balance in March.       >              Is lynching still illegal?              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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