Growth all in the numbers
If you are a numbers person, the second quarter has some great momentum going as new orders jumped in March.
Take a look at the Commerce Department as they reported new orders placed with manufacturers jumped 4.2% in March. If you compare that to February (an increase of .4%) the sector is looking great.
The manufacturing strength in March was fairly broad-based. Orders rose for a wide variety of durable goods, relatively costly items expected to last at least three years, including commercial aircraft, machinery, metals, cars and computers. Demand also picked up for nondurable items, including food and apparel.
Or if you want to see some other numbers take a look at the Institute for Supply Management. They reported its index of service sector activity stood at 63 in April, up from a reading of 60.5 in March. (A reading of 50 and above points to a growing service sector, while a figure below 50 signals contraction.) April's showing was better than analysts expected; they were forecasting a score of 59.2.
What does all of this mean? It means the industry is continuing is upward climb and growth is blossoming like the spring flowers.
Talk to me.
Take a look at the Commerce Department as they reported new orders placed with manufacturers jumped 4.2% in March. If you compare that to February (an increase of .4%) the sector is looking great.
The manufacturing strength in March was fairly broad-based. Orders rose for a wide variety of durable goods, relatively costly items expected to last at least three years, including commercial aircraft, machinery, metals, cars and computers. Demand also picked up for nondurable items, including food and apparel.
Or if you want to see some other numbers take a look at the Institute for Supply Management. They reported its index of service sector activity stood at 63 in April, up from a reading of 60.5 in March. (A reading of 50 and above points to a growing service sector, while a figure below 50 signals contraction.) April's showing was better than analysts expected; they were forecasting a score of 59.2.
What does all of this mean? It means the industry is continuing is upward climb and growth is blossoming like the spring flowers.
Talk to me.
posted by ISA at 6:30 PM
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