The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Washington (AFP) – U.S. manufacturing expanded in September for the fourth month in a row, pointing to a pick-up in the sector, an industry survey released Tuesday showed.

The Institute for Supply Management (ISM) said its purchasing managers index for manufacturing activity rose to 56.2 percent in September from 55.7 percent in August.

The September PMI reading surprised analysts, who had forecast a pullback from August to 55.0.

“Another stronger-than-expected showing. The index is up sharply from 50.2, on average, in Q2,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics.

“The data unambiguously point to a pick-up in the trend in manufacturing output growth.”

The PMI index’s half point gain in September was led by a 2.1 point month-on-month jump in the employment sub-index.

Production edged up 0.2 point, while new orders fell 2.7 points. All three of the index’s sub-components remained in growth territory.

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

President Joe Biden

Washington (AFP) - Joe Biden sought to reset his presidency in a marathon press conference Wednesday, vowing to reconnect with voters in his second year and touting what he said were his unprecedented successes.

"Can you think of any other president that's done as much in one year?" Biden asked, ticking off the epic struggle against Covid-19 and trillions of dollars in government funding to save the US economy from pandemic fallout.

Keep reading... Show less

By Lawrence Hurley

WASHINGTON (Reuters) -The U.S. Supreme Court on Wednesday rejected former President Donald Trump's request to block the release of White House records sought by the Democratic-led congressional panel investigating last year's deadly attack on the Capitol by a mob of his supporters.

Keep reading... Show less
x
{{ post.roar_specific_data.api_data.analytics }}