Manufacturing in U.S. Grew in February by Most Since June 2011

[Purveyor]

Source: Bloomberg

By Alex Kowalski - Mar 1, 2013
Manufacturing in the U.S. expanded at a faster pace than forecast in February, reaching the highest level since June 2011 as factories boosted production.

The Institute for Supply Management’s factory index advanced to 54.2, from 53.1 in January, the Tempe, Arizona-based group said today. The figures exceeded the most optimistic forecast in a Bloomberg survey in which the median projection was 52.5. A reading greater than 50 signals expansion.

Orders expanded the most in almost two years, the report showed, as manufacturers such as Applied Materials Inc. (AMAT) emerged from an industry setback in the second half of 2012. The production gains complement a rebound in the housing market and help underpin the economy amid budget disputes in Washington.

“Things are starting to improve for manufacturing, and the improvements are starting to build on each other,” Michael Montgomery, a U.S. economist at IHS Global Insight in Lexington, Massachusetts, said before the report. “Inventory growth has turned the corner. Orders have picked up finally.”

Read more: http://www.bloomberg.com/news/2013-03-01/ism-index-of-u-s-manufacturing-increased-to-54-2-in-february.html

[pampango]

1. Manufacturing as a part of the economy is doing well in terms of production, but

but the real issue is that employment in manufacturing as been declining since about 1955 and continues today.



http://emsnews.wordpress.com/2010/02/28/nuclear-wars-and-earthquakes-increase-economic-problems/

[Dryvinwhileblind]

2. Manufacturing index to manufacture a manufacturing message. Far Out, Man...

...now then, about that slaveufacturing index. To the Purveyor, I know you're just posting, not manufacturing. Me?, Imma just posturing, not fabricating a manufactured reaction, Yo!

[Purveyor]

3. Brilliant, indeed! eom