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Wednesday, September 3, 2003
HE
NATION
BATTALION
Manufacturing index rises in August
By Eileen Alt Powell
THE ASSOCIATED PRESS
NEW YORK
Manufacturing activity picked
up strongly in August for a sec
ond straight month, suggesting
the fragile industrial sector is in
the midst of a turnaround
despite a bleak job picture.
The Institute for Supply
Management reported
Tuesday that its manufactur
ing index rose to 54.7 last
month from 51.8 in July. A
reading above 50 indicates
expansion, while one below
50 indicates that manufactur
ing activity is slowing.
The index in August was at
its highest level since last
December and was stronger than
analysts had been expecting.
“Though two months of
growth do not establish a
trend, there is strength in the
various segments of this report
that we have not seen for some
time,” Norbert J. Ore, who
oversees the index for the
ISM. said in a statement
accompanying the report.
He noted that new orders
and production have both had
readings above 50 percent for
four consecutive months, indi
cating that “the continuation
of a second-half recovery
appears on track.”
Still, employment continued
to deteriorate.
The manufacturing sec
tor has lost 2.7 million
jobs since June 2000, and
the Institute for Supply
Management’s index for
employment fell to 45.9 in
August from 46.1 in July.
“It’s a disappointment
that factory employment
appears to have declined
slightly faster in August
than in July,” said Patrick
Fearon, an economist at
A.G. Edwards & Sons Inc.
in St. Louis. He blamed for
eign competition in some
industries and lack of strong
capital spending in others.
Purchasing
Here is a look at the Purctiasing
Managers' Index, which tracks
the overall business activity of
more than 350 industrial
r M A m j j *
A trwmxA* for Supply Mgmt AP
Drugs seized at border during holiday weekend
EL PASO, Texas (AP) — Inspectors
seized more than 200 pounds of cocaine and
more than 2,000 pounds of marijuana at
three border crossing sites over the Labor
Day weekend.
They also apprehended 27 wanted
persons, identified two export viola
tions, recovered a stolen vehicle and
seized undeclared prescription medica
tion and liquor.
The largest of the four cocaine seizures
was Saturday, when 104.1 pounds in 42
packages was discovered in the floor of a
1999 CMC Denali at the Ysleta crossing.
Perla Monica Torres, 29, and Myma Araceli
Grajeda, 30. both of El Paso, were arrested.
Also Saturday, Ysleta agents discov
ered 35.3 pounds of cocaine in 22 bundles
in the dashboard of a 1999 Volkswagen
Jetta and arrested the driver, Juan Luis
Barrera, 27, of Juarez, Mexico.
Inspectors discovered 25 pounds of
cocaine in 10 bundles in the quarter pan
els of a 2(XX) Chrysler Cirrus at the Paso
Del Norte crossing on Friday and arrested
Odille Cecilia Lujan Fernandez, 20. of
Chihuahua City, Mexico. At the sanx
crossing on Saturday, inspectors discov
ered 35.8 pounds
»cainc in 15 txmdfc
in the rocker panels of a 2(KX) Chevtote
Malibu and arrested Julio Ccs;:
Rixlriguez. 20, of El Paso.
The largest marijuana seizure occur?:
Friday at the Bridge of the Americas cart:
lot. Inspectors detected an anomaly in tk
appearance of the sidewalls of a trailer (k
ing an X-ray scan and found 1.083 pound
of the drug in 953 bundles. No arrests wr:
made, and inspectors are investigating.
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