excalibur
Diamond Member
- Mar 19, 2015
- 29,199
- 59,108
- 2,290
Very good news indeed.
And with trillions of investment incoming, expect more good news.
And with trillions of investment incoming, expect more good news.
US manufacturing activity expanded in May at the fastest pace in four years, bolstered by a pickup in new orders and production.
The Institute for Supply Management’s manufacturing gauge rose 1.3 points to 54, according to data released Monday. Readings above 50 indicate growth.
The measure has now signaled expansion for five straight months, pointing to renewed vigor in the manufacturing sector amid a surge in artificial intelligence investment, more favorable tax provisions and diminished trade policy uncertainty.
Nearly every manufacturing industry reported growth in the month, including printing, textiles, electrical equipment and plastics. The only industry reporting contraction was wood productions.
New orders growth accelerated to a four-month high, as factory production also gained steam.
...
Susan Spence, chair of the ISM Manufacturing Business Survey Committee, said she thinks more of the improvement in new orders and production is due to pent-up demand than companies seeking to boost inventories — even with concerns about high prices due to the Middle East conflict.
...
The Institute for Supply Management’s manufacturing gauge rose 1.3 points to 54, according to data released Monday. Readings above 50 indicate growth.
The measure has now signaled expansion for five straight months, pointing to renewed vigor in the manufacturing sector amid a surge in artificial intelligence investment, more favorable tax provisions and diminished trade policy uncertainty.
Nearly every manufacturing industry reported growth in the month, including printing, textiles, electrical equipment and plastics. The only industry reporting contraction was wood productions.
New orders growth accelerated to a four-month high, as factory production also gained steam.
...
Susan Spence, chair of the ISM Manufacturing Business Survey Committee, said she thinks more of the improvement in new orders and production is due to pent-up demand than companies seeking to boost inventories — even with concerns about high prices due to the Middle East conflict.
...
