uscitizen
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Manufacturing, construction, founder; prices rise
Monday June 2, 5:49 PM EDT
NEW YORK (AP) — Dark clouds continue to hang over the economy: The manufacturing sector shrank for the fourth consecutive month, construction spending has been falling for more than two years, future orders are down and prices are skyrocketing.
The few bright spots, such as strong exports, may be the only things between us and a protracted recession, analysts said on Monday.
"It's exports, and, of course, government spending, that's keeping us above water," said John Silvia, chief economist at Wachovia Corp.
http://finance.myway.com/jsp/nw/nwdt_rt.jsp?section=news&feed=ap&src=601&news_id=ap-d9126ne01&date=20080602
Monday June 2, 5:49 PM EDT
NEW YORK (AP) — Dark clouds continue to hang over the economy: The manufacturing sector shrank for the fourth consecutive month, construction spending has been falling for more than two years, future orders are down and prices are skyrocketing.
The few bright spots, such as strong exports, may be the only things between us and a protracted recession, analysts said on Monday.
"It's exports, and, of course, government spending, that's keeping us above water," said John Silvia, chief economist at Wachovia Corp.
http://finance.myway.com/jsp/nw/nwdt_rt.jsp?section=news&feed=ap&src=601&news_id=ap-d9126ne01&date=20080602