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
Most Viewed Companies
Ticker Price Volume
EMAAR 10.3 11,369,691
SPIMACO 45.86 428,866
RIBL 20.14 1,028,811
ALKHODARI 65.92 4,110,576
SECO 17.47 3,186,647
SAVOLA 84.75 335,692
SABIC 115.42 6,037,734
Recent News

Sabic-Shell scrap Jubail plant plan
Saudi Basic Industries Corporation (Sabic) and Royal Dutch Shell have shelved plans to expand an existing petrochemical joint venture in Saudi Arabia as the results of feasibility studies were not en

Petchem delegates explore sustainability challenges
GCC petrochemical companies are being urged to educate their staff to enable them to work around sustainability challenges.

Energy companies embarking on conservation efforts will benefit fr

Al-Tayyar Travel Group Q3 profit rises 13.5%
Saudi Arabia’s Al-Tayyar Travel Group posted a 13.5 percent rise in third-quarter net profit rise, slightly below analysts’ forecasts, as sales increased.

The company made a net profit of SR

Jarir proposes Q3 dividend of SR1.8 per share
Saudi Arabia’s Jarir Marketing Co. has proposed a third-quarter dividend of SR1.8 per share, the retailer said in a statement.

This is slightly above the dividend of SR1.67 per share the com

Al-Khodari may double capex to handle big projects
Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons says it may double its capital spending in coming years to cope with the work it hopes to do on the country’s big infra

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?