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Fri Feb 1, 2013, 10:26 AM

U.S. Manufacturing Shows Fastest Growth In 9 Months

Source: REUTERS

The pace of growth in the U.S. manufacturing sector picked up in January to its highest level in nine months as new orders and employment improved, according to an industry report released on Friday.

The Institute for Supply Management (ISM) said its index of national factory activity rose to 53.1 from 50.2 in December, beating economists' expectations of 50.6.

A reading above 50 indicates expansion in the manufacturing sector.

It was the highest level since April of last year. A source of strength for the economy in the early years of the recovery, the manufacturing sector lost some steam in the second half of last year and contracted in November in the wake of superstorm Sandy.

Read more: http://www.chicagotribune.com/business/breaking/chi-manufacturing-shows-fastest-growth-in-9-months-20130201,0,2671400.story

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Reply U.S. Manufacturing Shows Fastest Growth In 9 Months (Original post)
Purveyor Feb 2013 OP
madrchsod Feb 2013 #1
askeptic Feb 2013 #2

Response to Purveyor (Original post)

Fri Feb 1, 2013, 11:07 AM

1. my daughter makes air filters for several major american corporations

she worked 48 hours a week last summer into fall. november to the end of december she worked 40 hours. when she went back to work in january it`s been 48 hours, she figures overtime will continue till mid summer. the auto parts company she used to work for has been on 48 for almost a year.

poor republicans, no matter how hard they try they can`t kill the will of the american to improve their lot in life.

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Response to Purveyor (Original post)

Fri Feb 1, 2013, 11:43 AM

2. These are measurements and can't be taken in isolation

look at these along with unemployment, upcoming gov't spending changes, etc. Personally, I think we are still in for a pretty rough ride as the fundamental reasons for the recession have not changed. Debt is still high, wages continue to suck, government is spending in the wrong places (what does military spending actually "produce"?). We need long-term investments (sustainable energy anyone?)that can be used to rebuild the economy and we can see this is not what the empire is going to do


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