Economic activity in the manufacturing sector expanded in October for the fifth consecutive month, and the overall economy grew for the 53rd consecutive month, according to the latest data from the Institute for Supply Management.
WASHINGTON—U.S. factories expanded last month at the fastest pace since June 2011. The Institute for Supply Management said Tuesday that its manufacturing index rose to 55.7 in August from 55.4 in July. That topped the index’s 12-month average of 52.
In The Great Gatsby, the central character is captivated by a green navigational beacon off in the distance that gives him eternal hope. Although Jay Gatsby wasn’t thinking about assembly lines, manufacturing has a similar green light and assemblers are equally optimistic these days.
WASHINGTON—Americans are more positive about the economy than they have been at any time since Gallup began tracking economic confidence daily in January 2008.
NEW YORK—Most U.S. manufacturing executives anticipate revenue growth in the year ahead, and plans to hire new employees are at the highest level since mid-2006, according to the latest Manufacturing Barometer from PriceWaterhouseCoopers.
