1.
U.S. markets recover from steep losses
TEMPE, Ariz., May 3 (UPI) -- U.S. manufacturing activity expanded for the ninth consecutive month in April, with growth accelerating, the Institute of Supply Management said Monday.
The trade group's key index, the Purchasing Manager's Index, climbed 0.8 percentage points in the month to 60.4. The index last dipped below 50, the breaking point between growth and contraction, in July 2009.
The critical new orders index climbed from 61.5 to 65.7. The employment index also showed growth at 58.5, up from 55.1 in March.
Production accelerated from 61.1 to 66.9.
"The rate of growth as indicated by the PMI is the fastest since June 2004 when the index hit 60.5 percent. Manufacturers continue to see extraordinary strength in new orders, as the New Orders Index has averaged 61.6 percent for the past 10 months," said Norbert Ore, chairman of the Institute for Supply Management's Manufacturing Business Survey Committee.
|
|
|
|
|
|
| Additional Business News Stories | |
JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
|
LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
