|
|
Article: United States : U.S. Manufacturing Activity Expands.
- Article from:
- TendersInfo
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: shiv03
Manufacturing activity around the world surged in October, signaling a global rebound in economic growth.
In the U.S., the Institute for Supply Management's manufacturing index rose 3.1 points to 55.7, the third straight month of growth and the highest level since April 2006. A reading above 50 indicates expansion for the sector. The ISM's employment index rose for the first time in 15 months as manufacturers sought to recall workers or enlist temporary help, offering further hope that the overall labor market may be stabilizing.
Manufacturing expansion at the pace seen in October would correspond to a 4.5% annualized increase in ...