Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
.@Cornerstone_CUL in 2014: $9K in savings per member #NewsNow #CUSystem http://t.co/7LnsV876cs
31 minutes ago
RT @CUNA: Bill to codify #creditunion Advisory Council, is introduced by @reppittenger @RepDennyHeck HT @newsnowlivewire http://t.co/0zviXx…
1 hour ago
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
17 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
18 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
19 hours ago