WriterDom
Good to the last drop
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- Jun 25, 2000
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Give them good news on the economy
Manufacturing Downturn Eases in August
NEW YORK (Reuters) - A key U.S. manufacturing index posted its most significant gain in five years in August as new orders and factory production both rose, suggesting the ailing industrial sector may have endured the worst of a yearlong slump.
The National Association of Purchasing Management said on Tuesday its monthly manufacturing index rose to 47.9 in August from 43.6 in July, well above economists' forecasts of a 43.9 reading.
Manufacturing Downturn Eases in August
NEW YORK (Reuters) - A key U.S. manufacturing index posted its most significant gain in five years in August as new orders and factory production both rose, suggesting the ailing industrial sector may have endured the worst of a yearlong slump.
The National Association of Purchasing Management said on Tuesday its monthly manufacturing index rose to 47.9 in August from 43.6 in July, well above economists' forecasts of a 43.9 reading.