Sunday, April 10, 2011

Manufacturing sector shows encouraging signs - Houston Business Journal:

http://workguru.wordpress.com/2011/04/07/installation-of-sliding-doors/
ISM’s index of national factory activity rosefrom 40.1 in April to 42.8 in May. That’s the highest reading since September, and the fifthg straight monthly rise. Any readingv below 50 signals contraction inthe sector, whiler readings above 50 indicate growth. More encouraging than the overalkl reading wasthe “New Orders” part of the which reached 51.1 in May. May was the firsft month the New Orders Index has moved above 50 following 17 consecutive months of Growth in that part of the index indicatesd the likelihood of more activity in the manufacturing sectof in thecoming months.
Accordinv to ISM, five of the 18 manufacturing industriews reported growthin May: nonmetallic mineral products; plastics and rubber products; food, beverage and tobacco and printing and related support activities.

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