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US manufacturing shows uptick in April



Published: Tue, May 1, 2012 @ 12:40 p.m.

WASHINGTON — U.S. manufacturing grew last month at the fastest pace in 10 months. New orders, production and a measure of hiring all rose.

The strength at U.S. factories suggests the economy is healthier than recent data had indicated. That’s a hopeful sign ahead of Friday’s report on hiring in April.

The Institute for Supply Management, a trade group of purchasing managers, said today that its index of manufacturing activity reached 54.8 in April. That’s the highest level since June and up from 53.4 the previous month. Readings above 50 indicate expansion.

The report exceeded analysts’ expectations. A measure of employment in the ISM’s survey rose to a 10-month high. This showed that factories are still hiring at a solid pace.

A gauge of new orders jumped to its highest level in a year. That could signal faster production in the coming months. Export orders also rose, which could offset worries that weaker economies in Europe and China could drag on U.S. exports.


Comments

1AtownAugie(715 comments)posted 2 years, 7 months ago

Awwww ... those AP writers look sooo cute in their cheerleading outfits.

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2AnotherAverageCitizen(1175 comments)posted 2 years, 7 months ago

Atown,

You seem upset that the economy has turned around.
Is it that you are afraid the current President has turned a very unstable economic crises from 3 years ago into a much more productive job market?

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3AtownAugie(715 comments)posted 2 years, 7 months ago

Ah, so true Avg -- none of us yearn for the days of gas being $1.89 and unemployment of only 5%. (brb, gonna get you some more Kool-Aid)

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4JME(801 comments)posted 2 years, 7 months ago

Ah, the results of the House Republicans putting a stop to the out of control democrat/liberals during Oblama's first two years.

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5JME(801 comments)posted 2 years, 7 months ago

Recall that OweBlama's stimulus package increased unemployment from 7% to 9% in his first two years when the democrat/liberals were running D.C.

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6AnotherAverageCitizen(1175 comments)posted 2 years, 7 months ago

But JME I keep reading the stimulus package was Bush's doings. It was under Bush when unemployement started getting higher and higher. It just took some time to fix the BUSH disaster he left the country in.

3 years after Bush is gone, most are not affraid of losing their jobs like they were.

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