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
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 38.41 39,386,240
AMANAINSURANCE 15.75 1,926,642
EMAAR 6.99 19,062,190
SAGRINSURANCE 30.25 2,123,789
ALKHODARI 30.88 2,254,999
SABIC 84.01 6,892,808
JULPHAR 3.01 42,404
Recent News

CMA approves Saudi ceramic request for capital increase
The CMA Board has issued its resolution approving Saudi Ceramic Company’s request to increase its capital from SAR (375,000,000)to SAR (500,000,000) through issuing one bonus share for every (3) exis

CMA approves Al-Tayyar request for increasing in capital
The CMA Board has issued its resolution approving Al-Tayyar Travel Group Holding company’s request to increase its capital from SAR (1,500,000,000) to SAR (2,000,000,000) through issuing one bonus sh

CMA approves the request of ZAIN KSA for reducing capital
The CMA Board has issued its resolution approving Mobile Telecommunications Company Saudi Arabia request to reduce its capital from SAR (10,801,000,000) to SAR (5,837,291,750), thus reducing the numb

Power tools demand to grow 4.8pc and exceed $32bn
The global demand for power tools has been forecast to increase 4.8 per cent per year through 2018 to $32.9 billion, according to a new study.

The new study by Freedonia Group, a Cleveland

Finance House comments on Investment Grade credit rating
Commenting on Capital Intelligence’s recent affirmation of its ratings [Finance House: BBB- Long-Term and A3 Short-Term, both with a Stable Outlook], Finance House Chairman Mohammed Abdulla Alqubaisi

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


Which of the following do you think is the best long-term investment?