Signs of momentum
Source: Agencies |
January 3, 2013, Thursday
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Print Edition
Print Edition
US factory activity rebounded last month after an unexpected contraction in November, adding to signs of momentum in the world's largest economy.
The Institute for Supply Management's index of US factory activity rose to 50.7 from 49.5 in November. "The index shows manufacturing firming up a little bit at the end of the year, suggesting manufacturing conditions are stabilizing," said Gary Thayer, chief macro strategist at Wells Fargo Advisors in St Louis, Missouri.
The Institute for Supply Management's index of US factory activity rose to 50.7 from 49.5 in November. "The index shows manufacturing firming up a little bit at the end of the year, suggesting manufacturing conditions are stabilizing," said Gary Thayer, chief macro strategist at Wells Fargo Advisors in St Louis, Missouri.
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