IndependntLogic
Senior Member
- Jul 14, 2011
- 2,997
- 399
- 48
What do we make of this?
Reuters:
The Institute for Supply Management said on Monday its index of
national factory activity rose to 51.6 last month from 50.6 in August.
September marked the 26th straight month of expansion in a sector that
has shouldered the broader economic recovery.
Economists polled by Reuters had expected the index to edge down to
50.5. A reading above 50 indicates expansion manufacturing.
A measure of factory employment rose to 53.8 last month from 51.8 in
August, while production climbed to 51.2 from 48.6.
Part of the long term rise in factory activity is a result of a weaker
dollar, which makes American exports more attractive overseas. And
there is no guarantee that what the factories are making will not
simply end up as unsold inventory.
But for the moment, the industrial sector appears to be one of the
only bright spots in a gloomy economy.
I mean obviously, with so many jobs shipped overseas or replaced by robotics, we'll never have the same percentage as we did in the 70's but this caught me by surprise.
Reuters:
The Institute for Supply Management said on Monday its index of
national factory activity rose to 51.6 last month from 50.6 in August.
September marked the 26th straight month of expansion in a sector that
has shouldered the broader economic recovery.
Economists polled by Reuters had expected the index to edge down to
50.5. A reading above 50 indicates expansion manufacturing.
A measure of factory employment rose to 53.8 last month from 51.8 in
August, while production climbed to 51.2 from 48.6.
Part of the long term rise in factory activity is a result of a weaker
dollar, which makes American exports more attractive overseas. And
there is no guarantee that what the factories are making will not
simply end up as unsold inventory.
But for the moment, the industrial sector appears to be one of the
only bright spots in a gloomy economy.
I mean obviously, with so many jobs shipped overseas or replaced by robotics, we'll never have the same percentage as we did in the 70's but this caught me by surprise.