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The Feasinomics®, Inc. Report

By: Lisa Sparks


Week of May 5, 2003

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Purchasing Managers

Index

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The

Institute for Supply Management reported that economic activity

in the manufacturing sector failed to grow in April for the

second consecutive month. The closely watched PMI declined

to 45.4 percent in April. An index above 50 signifies growth

in manufacturing while a figure below that shows contraction.

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Construction Spending

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Construction

spending in March was estimated at a seasonally adjusted

annual rate of $868.5 billion,1.0 percent below the revised

February estimate of $877.4 billion, according to the U.S.

Commerce Department's Census Bureau. The March figure is

1.6 percent above March 2002. During the first three months

of this year $181.6 billion of construction was put in place,

which is 1.4 percent above the $179.1 billion for the same

period in 2002.

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Unemployment Rate

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