Global Manufacturing Surges Back, Key US Index at Highest Since 2004
Posted by Corey Kaster on February 2, 2010
Tuesday, 02 February 2010
Manufacturing activity soared around the world in January, according to surveys released yesterday that will bolster the hopes of a strong global recovery.
In the US, the Institute for Supply Management index – a key measure of industrial activity – rose from 54.9 to 58.4, its highest level since August 2004 and well ahead of economists’ expectations.
The key components of the index – production, employment and new orders – all increased, offering significant assurance that the manufacturing sector is in recovery.
(Continue reading in the Financial Times)