ISM Manufacturing Highest in 2 Years - Real Time Insight
The U.S. ISM Manufacturing Index rose to 56.2% in September,
from 55.7% in August, ahead of the consensus estimate of 55%.
This is the index's highest reading since April 2011.
Here are further details from the report:
- The New Orders Index was down 2.7%, but still quite strong at 60.5%
- The Production Index increased by 0.2% to 62.6%
- The Employment Index was at 55.4%, up of 2.1%
The Institute reported that respondents were optimistic about
increasing demand and improving business conditions.
The report confirms that the U.S. manufacturing activity has maintained its positive momentum in the past few months after a slow-down in spring.
The stock market is leaning higher this morning as investors continue to hope that the drama in Washington will come to end soon and will not hurt the economic activity.
Do you think that the strong manufacturing report can provide further support to stocks today?
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