Jul 01 2009
USA Export: US Manufacturing Index Is Up
What do USA Export products have to do with the manufacturing index? Good news. It’s true, it is good news, well … for June 2009 and May 2009 compared to April 2009. According to the Institute for Supply Management, the US manufacturing index increased to 44.5 in June from 42.8 in May and 40.1 in April. That means that the manufacturers across the country are seeing more orders and are therefore making more stuff to fill in these orders. In December 2008, that same index was 32.4. Any number under 50 signifies a contracting economy. It is now actually much better than experts had forecast. So, for the past 6 months, more products are being made and shipped out in order to satisfy the needs of the consumers. We are slowly getting better and overseas activities are showing the same thing. The June number for factory orders will be indicated by the Department of Commerce tomorrow, and here again it is expected to see a slight improvement.
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