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
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 94.5 4,335,462
GFH 0.64 9,408
SABB 22.75 263,450
PETRORABIGH 12.5 6,034,823
RIBL 11.05 1,902,111
ALMARAI 69.5 312,485
QNBK 172 80,123
Recent News

Oman plans daily oil output of 1m barrels this year
Oman plans to produce an average of one million barrels of crude oil per day this year, despite a production cut of 45,000 barrels a day agreed with oil exporting Opec bloc, a top-level official at t

Ahlibank posts profit of QR631.7mn in 2016
Ahlibank posted a net profit of QR631.7mn in 2016 even as the bank saw its balance sheet grow by 18.2% to QR38bn last year.

Last year’s net profit is only marginally lower than the QR647.7m

Turkey’s lira eases as investors pause before critical central bank me
Turkey’s lira weakened on Monday as comments from a deputy premier reaffirming the central bank’s independence failed to bolster confidence, a day before a policy meeting seen as a big credibility te

Ma'aden 'fastest growing company in GCC'
Thirteen of the 15 fastest growing companies in the GCC were from Saudi Arabia and Qatar and these companies achieved a growth of at least 20 per cent per annum over the five years to end 2015, a rep

GCC banks 'resilient in weaker economic environment'
The rated banks in the GCC continued to display good asset quality indicators, profitability, and capitalisation in 2016 by global standards, albeit with signs of deterioration from 2015, said a repo

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?