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Manufacturing Falls Short of Expectations (AP)
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Newshound



Joined: 30 May 2005
Posts: 753

Posted: Thu Jun 02, 2005 2:09 am    Post subject: Manufacturing Falls Short of Expectations (AP)  

AP - U.S. manufacturing expanded at a slower-than-expected rate in May, constrained by high energy prices and fat inventories, especially in the automobile sector, figures from a private research organization showed on Wednesday. Stock prices rose on speculation that the weak performance could give the Federal Reserve second thoughts about more interest rate hikes.

[url=http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/news?tmpl=story&u=/ap/20050601/ap_on_bi_ge/economy]Read more...[/url]
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