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We have some very exciting news to share about US manufacturing–US manufacturing is growing at its fastest pace in over 3.5 years! As ABC News and the Associated Press report, the Institute for Supply Management’s manufacturing index rose to 59 from 57.1 in July–the highest reading since March of 2011. Index measurements of higher than 50 indicate growth, which […]
Earlier in February when the economy was still growing at a slower pace than expected, economists wondered whether or not the weather was to blame for the bad numbers being reported across a number of industries. Initial reports of numbers in March suggested that the weather was indeed to blame, and that warmer weather was […]
The good news keeps on coming–stronger-than-expected data on U.S. manufacturing and construction spending in August suggests that the American economy is slowly gaining traction. According to TIME Business & Money, the Institute for Supply Management’s “manufacturing index rose to 55.7 in August from 55.4 in July. That topped the index’s 12-month average of 52.” Here’s a more specific […]