U.S. manufacturing grows in September for first time since May

[DonViejo]

Source: Reuters

NEW YORK (Reuters) - The U.S. manufacturing sector expanded in September for the first time since May as new orders and employment picked up, an industry report showed on Monday.
The Institute for Supply Management said its index of national factory activity rose to 51.5 from 49.6 in August, topping expectations in a Reuters poll for 49.7.

It was the first time since May that the index has been above the 50 threshold that indicates expansion in the sector.

The forward-looking new orders gauge also rose to its highest level since May at 52.3 from 47.1, while employment gained to 54.7 from 51.6.

"We're not quite at the point where things are good, but this indicates strongly that things are not so bad," said Adam Sarhan, chief executive of Sarhan Capital in New York.

Read more: http://news.yahoo.com/manufacturing-sector-grows-september-first-time-since-may-140404300--business.html

[Shuhered]

1. Imagine this Good News With a Cooperative Congress

This economic indicator should, at long last, demonstrate to John Boehner and company that Obama has helped heal our economic woes in spite of their efforts to stop him at every turn. More healing to go, but this is encouraging.

[PearliePoo2]

2. This country is MAKING STUFF AGAIN! Yeah!!

Make stuff here...NOT China!

[magic59]

3. Just remember

They are including making burgers at McD's and others as manufacturing.

[dmallind]

4. Bullshit - completely different data source. This is ISM.

[scheming daemons]

6. False. Those would be "food service" jobs and are NOT considered "manufacturing"

....but you knew that, didn't you?


Thanks for the concern...

[Scurrilous]

5. K & R

[Kingofalldems]

7. I like this one

[pampango]

8. On a related note: China manufacturing activity shrinks again in September

Manufacturing in China has contracted for a second month, another sign of economic slowdown in the world's second largest economy.

Weak external and domestic demand has weighed on Chinese manufacturers.

The government has recently announced spending on infrastructure projects, seen by many as a stimulus measure to boost growth.

China's economy grew at its slowest pace in three year in the second quarter.

http://www.bbc.co.uk/news/business-19782375