Posted on 09/02/2014 11:41:01 AM PDT by SeekAndFind
WASHINGTON (AP) — U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose.
The Institute for Supply Management's manufacturing index rose to 59 from 57.1 in July, the ISM said Tuesday. That was the highest reading since March 2011. Any measure above 50 signals that manufacturing is growing.
Tuesday's ISM report coincides with other signs that manufacturing is helping drive the U.S. economy's improvement. Factories are benefiting from strong demand for aircraft, furniture, and steel and other metals. The boost from manufacturing has helped offset slower homebuilding, a slowdown in consumer purchases and weaker spending on utilities and other services.
"The U.S. economy is on a notably firmer growth track this summer, even if consumers are riding in the caboose," Sal Guatieri, an economist at BMO Capital Markets, wrote in a research note.
The ISM's gauge of production rose to the highest level in four years, and a measure of new orders reached its highest point in 10 years. That suggests that the sector should grow further in coming months. Factories also added jobs last month, though at
(Excerpt) Read more at sfgate.com ...
Is this satire?
Somehow, good economic news seems to be greeted with either skepticism and sarcasm around these parts...
With a 110 million people without work and half of the population on some sort of government assistance, I can’t really see any good news.
I believe that the government counts hamburger flipping as manufacturing.
Is this satire?
I don’t know what to make of the economic data, but I put some of my retirement money back in the stock market about 6 months ago and have been getting solid gains since then. I believe that most of the economy is built on a house of cards and I don’t risk money that I can’t afford to lose. I will run with it as long as it lasts, illusion or real growth not withstanding.
ROTFL! A San Fernasco “newspaper”.
A SHOW ME attitude is appropriate when citizens are dealing with an unconstitutonally big federal government and corrupt media.
Well, the makers of firearms are surely contributing to the numbers.
The “new” market receives all so called good news as bad news. This is interpreted to be a cause for the Fed to start cutting their money printing caper for fear of oncoming inflation. Apparently these brilliant Fed Governors do not do any grocery shopping or filling their gas tanks or they would know that inflation has been rising for months. At any rate, this fragile stock market is wary of loosing these record low interest rates.
BS yet again. Next week, mfg. surprise drop.
Border crisis, ISIS, put some ice on that, who cares, donate to CARE, Carrie bares all......
I’m obviously bored, boring, oil, water boarding.
Just raise the minmum wage . Datl fix it.
Quotes From The Great Depression
http://alethonews.wordpress.com/2009/12/02/quotes-from-the-great-depression/
I know a growth industry, a company that makes those EBT and SNAP cards....
I hear they are hiring people to stuff the envelopes of cards to be mailed out...
That is a “Manufacturing job”..
ROTFL! A San Fernasco “newspaper”.
“fish wrapper” for the wharf district...
[ I believe that the government counts hamburger flipping as manufacturing. ]
Well, You are Building Burgers...
Wait a Minute....
Build-A-Burger.....
OMG, we are in a Ilumi-nutty E-CON-Job-onomy.....
Do you believe in the Easter Bunny, as well?
As well as green cards and EBT cards.
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