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
SAGRINSURANCE 27.6 126,212
SABIC 66.75 856,694
ALMARAI 70 20,547
APPC 35.3 69,474
JULPHAR 2.5
TAWUNIYA 75.25 16,484
SPIMACO 27.3 4,015
Recent News

Riffa Views project work is on track
The work was in full swing to complete the building of 61 villas at the Riffa Views’ Parks Estate, the Poullaides Construction Company announced yesterday.

It expressed commitment to the s

Qatar economy sustainable long-term but faces short-term challenges
Dr. R. Seetharaman, Group CEO of Doha Bank invited the Guests of Honour at the function. The Ambassadors and Embassy attaches of Japan, UK, India, Singapore, Mexico, Kenya and Canada respectively par

Oman’s Madinat Al Irfan project to contribute $1.5 bn to GDP
The Madinat Al Irfan Urban Development Project, which will create a new downtown area for the capital governorate of Oman, is expected to contribute an estimated $1.4 billion — $1.6 billion to the Gr

MSM rebounds after across the board buying
On the back of improvement in oil prices, the Muscat Securities Market made substantial gains last week with the benchmark index reaching 5,240.49 points. Across the board buying was witnessed as re

Bank deposits in Oman rise 4.3%
Private deposits at commercial banks in the Sultanate rose by 4.3 per cent to OMR11,639.5 million at the end of November 2015, compared to OMR11,155.5 million in the corresponding period last year,

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?