Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
U.S. Manufacturing In August Hits Two-Year High
WASHINGTON (9/4/13)--U.S. manufacturing expanded in August at it quickest pace in more  than two years, heightening expectations for more rapid overall growth in the U.S. economy in the second half of 2013, according to the Institute for Supply Management's (ISM) manufacturing index (The New York Times, The Wall Street Journal and Bloomberg.com  Sept. 3).
 
The index rose to 55.7 in August from 55.4 in July, ISM said. A reading above 50 is a sign of expansion in the manufacturing sector. August's uptick was the third consecutive monthly expansion, and the index reading was the highest of the year.
 
Also, new orders recorded their best level in more than two years, with that sub-index surging to 63.2 from 58.3. However, the employment sub-index dipped to 53.3 from 54.5
 
Government-spending cuts and eroding global demand have hurt manufacturing this year, causing the sector to contract in May, the Times said.
 
However, substantial rises in activity in July and August are enhancing economists' outlooks that companies producing U.S. goods are gaining traction as the year goes on, the Times added.
Other Resources

CUNA National Economic Data
RSS print
News Now LiveWire
Fixed-asset cap elimination one item on @TheNCUA board agenda for next week. See #NewsNow http://t.co/N2U5Bq9R24
17 minutes ago
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
16 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
17 hours ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
18 hours ago
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
19 hours ago