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Tue Jan 3, 2012, 03:33 PM

US Manufacturing Jumps to Six-Month High [View all]

The Journal of Commerce Online - News Story


Joseph Bonney, Senior Editor | Jan 3, 2012 3:52PM GMT

Similar indices of international production show improvement

A closely watched gauge of U.S. manufacturing activity rose in December, indicating the 29th consecutive month of expansion, and similar indexes showed improvement in China, India, the U.K., Switzerland and Australia.

The Institute of Supply Management said its purchasing managers’ index of U.S. manufacturing activity registered 53.9, up from 52.7 in November. Readings above 50 indicate expansion.

<snip>

The survey’s inventories index registered 47.1 percent in December, down from 48.3 in November. An inventories index above 42.7 generally indicates expansion.

“Manufacturing is finishing out the year on a positive note, with new orders, production and employment all growing in December at faster rates than in November, and with an optimistic view toward the beginning of 2012,” said Bradley J. Holcomb, chair of ISM’s manufacturing business survey committee.


More at: http://www.joc.com/economy/manufacturing-indices-rise-globally

It's going to be all GOP talking points about the failed economy from here to November, so let's counter some tea-bag crap. I'm thinking some of us might want to post Facebook status updates, whattaya think?

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