Tuesday, February 12, 2008

U.S. Manufacturing Economy Expands

The nation's manufacturing sector expanded at a modest clip in January, recovering from the downward trend seen in December, according to an industry group survey shown on Friday. After slipping to its lowest level in almost five years, the institute for Supply Management said its manufacturing index rose last month to a reading of 50.7, up from a revised reading of 48.4 in the previous month. A reading above 50 indicates growth, and below that level indicates contraction.

1 comment:

thecup said...

Clare thanks for voting in the first round of my male actor tournament! I really appreciate it. The first round is over and there were a couple of surprises. Anyway thank you for voting on the first round. The second round will get harder, I hope you will vote again in Round 2. =)