Manufacturing growth points to US recovery_2
17 August 2012
Hopes for a full economic recovery in the US have been strengthened by the first growth in manufacturing for 18 months, writes Robin Parker.
The Institute for Supply Management’s (ISM) February manufacturing report on business rose to 54.7, above the 50 mark that indicates no change.
The index was boosted by a huge growth in new orders, from 55.3 to 62.8, mirrored by a similar growth in production.
Non-manufacturing business was at its highest level since November 2000, leaping 9.1 points to...