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.”
Abu Dhabi rolls out red carpet for market makers
The two main stock exchanges in the UAE are trying to attract market makers but some industry professionals say Abu Dhabi is offering more generous financial terms and more liberal rules than Dubai,
Inpex wins 5pc stake in new Abu Dhabi concession
Abu Dhabi National Oil Company (Adnoc) said on Monday it had granted Japan's Inpex Corp a 5 per cent stake in a new 40-year concession, making it the first Asian firm to help operate the UAE's bigges
DP World volumes up 4.4pc to 15m TEUs
DP World Limited handled 15 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first quarter of 2015, with gross container volumes growing by 4.4
Bloom to build 40,000 housing units in Iraq
Bloom Properties, the real estate arm of the Abu Dhabi-based National Holding company, is planning to build a new town spanning over 20 sq km area and with 40,000 housing units distributed among four