Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
U.S. Business Activity Hits Four-month High In September
CHICAGO (10/1/13)--U.S. business activity in September grew more than expected--hitting a four-month high--and furthering indications of a bounceback in manufacturing that would help bolster the largest economy in the world (Bloomberg.com and Moody's Economy.com Sept. 30).
 
The Institute for Supply Management (ISM) Chicago index of business activity increased to 55.7 last month--its highest level since May. It was 53 in August. Numbers greater than 50 indicate economic expansion.
 
Manufacturing constitutes roughly 12% of the U.S. economy, and the sector is growing because demand for appliances, automobiles and construction materials is ramping up the production on assembly lines, Bloomberg said.  
 
An improvement in economic markets abroad and an acceleration in business investment could perpetuate advances and bolster economic growth heading into next year, Bloomberg added.
Other Resources

CUNA National Economic Data
RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
9 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
11 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
13 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
13 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
14 hours ago