U.S. Manufacturing, Household Spending Probably Rose


02/04/2012 07:26 AST

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

Bloomberg
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 22.07 825,654
APBS 0.71 5,000
DHBK 38.35 54,728
DSI 0.49 20,060,859
GFH 0.24
DUR 20.6 23,213
RIBL 10.26 978,863
Recent News

Muscat bourse resumes trading of Galfar shares
Muscat bourse on Wednesday resumed trading of Galfar Engineering and Contracting Company’s shares, after the company posted a detailed disclosure statement on the Muscat Securities Market on its comp

Personal loans of Oman banks register 10% growth
Oman’s conventional banks have posted a robust 10.44 per cent growth in aggregate personal loans, or consumer loan portfolios, which stood at OMR7,680.96 million by the end of June 2016.

T

Seminar spotlights SAP Business One solutions
Infoline LLC, the leading BPO & IT Enabled Service provider in Oman along with their technology partner WMS, recently organised a seminar on SAP Business One solutions at Crowne Plaza Muscat.

Euro-sterling parity is a reality, says HSBC
When UK businessman Paul Frampton bought the spending money for his family vacation to Tuscany this month, he was astonished to be charged almost a pound for each euro he purchased.

“I was f

Doha Bank gets cardholder data security certification
Doha Bank was awarded the PCI-DSS Level 1 certification by the renowned PCI Certification body SISA. PCI is the only standard dedicated to security of cardholder data and rated as one of the most str

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

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?