Manufacturing is growing at a faster pace in the months
WASHINGTON - Manufacturing activity expanded the month at the fastest pace since May due to a surge in new orders and production.
Institute for supply management said its index of manufacturing read 56.9 in October, 54.4 in September.This is the 15th straight month of croissance.Une reading above 50 indicates growth.?
Manufacturing has helped the economy recession last year, but growth slowed last month for the months of lecteur.Activité pink China manufacturing.Survey affiliated with the Government stated its pink able to 54.7 in October of 53.8 in September.
Injured parties Life Inc.: contributions did not shoppers GOP accueillis.Index adversity and target among Democrats: an economy crawling on the floor Life.: Economist says "no double-dip".Separately, other reports show spending edged up slightly in September, after having fallen to lowest in a decade as a gain in residential projects of activity and the Government has helped offset weakness in commercial projects construction.
The Department of commerce said Monday that spending on construction projects increased by 0.5% in September after fell 0.2 percent in August to the lowest point since July 2000.
Even with small gain in September, remaining 34 percent below the peak of construction activity reached in 2006, when builders knew a residential housing boom.The boom has transformed into a bust that helped drag the country in a severe recession.
In September, all spending edged reaching 801.7 billions of dollars at a seasonally adjusted annual rate compared to spending in 1.21 trillion dollars at an annual rate in March 2006, at the top of the real estate.
Residential activity increased 1.8% at an annual rate of 231,7 billion in September, the first gain after four straight cuts.This weakness reflects the end of a popular buyers who had prompted construction before that ended in April government tax credit.
History: Low economic growth doesn't much matterProjects of non-residential buildings private posted a decline in 1.6% at an annual rate of 250.3 billion in September after a rise of 0.8% in the month of August .the ' increase August had followed four monthly decline directly into this category, reflecting the deep recession and difficulty manufacturers are having obtained funding for shopping centres and commercial projects.
Spending on government projects rose 1.3% at an annual rate of 319.7 billion dollars.Qui reflects a jump of 6.1% in federal spending and a more modest rise of 0.8 per cent of expenditures of the State and local governments.
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