Posted on 09/01/2009 12:21:14 PM PDT by Steelfish
Manufacturing, Home Sales Show Growth Signs
Survey on factory orders adds to evidence that recession is ending
NEW YORK - The U.S. manufacturing sector grew in August for the first time in 19 months, adding to evidence that the recession is ending.
The better-than-expected reading Tuesday by the Institute for Supply Management showed the highest number for its manufacturing index since June 2007. New customer orders jumped to a level not seen since late 2004.
And in another sign of an improving economy, a gauge of future U.S. home sales rose more than expected in July to the highest point in more than two years.
(Excerpt) Read more at msnbc.msn.com ...
True, but I am not at all sure about your point.
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