Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
12/2/2013 10:15:00 AM Write a Letter to the Editor Write a letter to the Editor

Manufacturing Activity Rises in November


Jeff Kowalsky/Bloomberg News

U.S. manufacturing activity’s rate of expansion rose in November, the Institute for Supply Management reported Dec. 2.

ISM’s monthly factory index increased to a 57.3 reading, from 56.4 in October, the group said in its monthly report.

The ISM index has increased six straight months, the longest stretch since the first 10 months of 2009, Bloomberg News reported.

Figures of more than 50 indicate expansion, and figures below that level show contraction.

The index topped economists’ median forecast of a 55.1 reading, Bloomberg reported.

“Things are becoming a little more constructive,” Millan Mulraine, director of U.S. rates research at TD Securities USA, told Bloomberg.

“If I’m a business, and I see consumer spending climbing even in the face of all these headwinds, then when the economy turns around, which we’ll probably see as we move into next year, then I’m going to pick up capital spending,” Mulraine said.

ISM’s factory index measures manufacturing components of the economy.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.


 

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement