U.S. Manufacturing, Household Spending Probably Rose


02/04/2012 07:26 AST  Bloomberg

Manufacturing probably picked up in the U.S. in March, showing it is weathering a slowdown in global growth, economists said before a report today.

The Institute for Supply Management’s factory index climbed to 53 from 52.4 in February, according to a median estimate of 55 economists surveyed by Bloomberg News. Readings greater than 50 signal growth. Construction spending rose in February, other data may show.

“Manufacturers are benefiting from a variety of positive catalysts, including the need to replace a fleet of motor vehicles,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York. “And we just haven’t got back to the previous peak in inventory that should benefit the sector and the national economy for some time.”

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV
Most Viewed Companies
Ticker Price Volume
EEC 56.25 5,424,281
EMAAR 11.3 23,638,996
SABIC 104 3,983,896
EXTRA 105 244,083
RIBL 18.75 937,143
SECO 16.35 1,429,482
SPIMACO 41.5 155,793
Recent News

Batelco as a Gateway into and from the Middle East
Batelco , the Kingdom's leading integrated communications services provider, is employing its vast experience and knowledge to expand its varied services to businesses of all sectors around the glob

Dubai Leads Mideast Gains After Stimulus, Oil; Abu Dhabi Rises
Dubai shares advanced the most in three days, led by Emaar Properties PJSC (EMAAR), as central banks from China to Europe take additional stimulus measures and oil gained. Abu Dhabi’s measure increas

SABIC heads Saudi rally as oil price rise supports
Saudi Arabia's bourse rose in early trade on Sunday as most stocks gained after oil prices edged up and global equities rallied on Friday.

The main Saudi index added 1.0 percent as shares

EDB participates at Frankfurt Euro Finance Week
Officials from the Economic Development Board (EDB) are in Frankfurt/Main this week to attend the annual Frankfurt Euro Finance Week 2014 in the period November 17-21. Dr. Jarmo Kotilaine, Chief Eco

Islamic finance Assets Pegged At $1.9 Tln As Of H1, 2014
For the past fifty years, Islamic finance as an industry has been steadily widening its geographical outreach, serving both sovereign and corporate clients. Throughout this period, Islamic finance ha

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?