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
Most Viewed Companies
Ticker Price Volume
RIBL 21.69 921,426
MESC 20.38 2,544,546
EMAAR 11.05 10,764,006
WALAA 35.34 4,900,612
SAGRINSURANCE 49.57 1,513,813
SPIMACO 52.92 648,191
ALKHODARI 63.17 1,154,281
Recent News

CMA to allow off-market trading of shares
Saudi Arabia's securities market regulator said on Wednesday that it would permit off-market trading of shares in companies which had been suspended or delisted from the stock exchange.

The

Dentons, S&A, Oman Arab Bank advise Al Maha Ceramics on IPO
Dentons, S&A Law and Oman Arab Bank (OAB), have together advised Al Maha Ceramics on its OMR8 million initial public offering (IPO) to be listed and traded on the Muscat Securities Market. The offer

MoE discusses trade relations with N.Ireland
Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, met with Arlene Foster, Northern Ireland’s Minister for Enterprise, Trade and Investment, along with a trade delegation, to explore ways for pro

Mashreq targets Turkey, Egypt for acquisitions
Dubai's Mashreq is targeting Egypt and Turkey for acquisitions to expand beyond its crowded home market, its chief executive told Reuters as he dismissed suggestions that it could be interested in an

Georgian PM calls on UAE businessmen to enhance investments in Georgia
Irakli Garibashvili, Prime Minister of Georgia, has called on businessmen and UAE companies to enhance their investments in his country, especially in the fields of industry, energy, agriculture and

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?