Posted on 09/02/2017 11:25:03 AM PDT by ForYourChildren
American factories accelerated in August at the fastest pace of expansion since 2011, data from the Institute for Supply Management showed Friday. The ISM purchasing manufacturers surveyed showed all six of the biggest manufacturing industries ramped up activity in August.
The monthly purchasing managers index rose 2.5 points to 58.8, reflecting employment rising to its highest level since June of 2011, an increase in production and rising inventories. Economists had expected a reading of 56.5. Any reading over 50 indicates growth.
Exports and new orders continued to show strong growth, although these slowed from July.
The Bureau of Labor Statistics said on Friday that manufacturing employment increased the most since 2012.
The sustained gains in manufacturing reflect rising consumer spending and business investment. The ISM number from Friday suggests that third quarter economic growth may be greater than previously thought. Some economists believe that the economy could be growing at a four percent pace right now.
(Excerpt) Read more at breitbart.com ...
WINNING!!
#MAGA
More winning, please.
JoMa
MARKET WATCH, had stated that this is poor indicator to show the economy is getting on track . Another financial site that is run by regressive leftists.
This is what we voted for, and this is one thing he’s managed to deliver in spite of the GOP congress critters.
Go, Trump!! MAGA!!
Marketwatch and CNBC are both hard left sites. The problem is that they both contain large amounts of business news and stats. I do review them daily for that reason. I do completely avoid their obvious hard left commentators however.
Can anyone recommend more appropriate sites for business news and insights. Incidentally I have also dropped the Wall Street Journal both in print and online.
MARKET WATCH, had stated that this is poor indicator to show the economy is getting on track . Another financial site that is run by regressive leftists.
Several of us cracked the code re Market Watch being a negative liberal site during the first year of GW’s term.
MW was composed off east and west coast liberals then and probably the same now.
Democrats Outraged!!!
Hahahaaaa! MAGA!
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