none

US manufacturing continues to grow

10-06-2014
by 
in 

Manufacturing expanded in May at the fastest pace this year boosted by an increase in new orders and factory output.

The Institute for Supply Management's factory index rose to 55.4 from the previous month's 54.9. Readings above 50 indicate expansion.

The strong output from US factories is helping to spur a second-quarter economic rebound.

Manufacturing accounts for about 12 percent of the US economy.

The index of production for May increased to 61 from 55.7 the previous month, while the new orders measure advanced to 56.9 from 55.1.

Manufacturing employment and orders waiting to be filled expanded at slower paces in May than a month earlier.

Related news & editorials

  1. 15.06.2018
    15.06.2018
    by      In
    The NRMA has chosen Australian-made electric vehicle chargers from Brisbane-based Tritium to equip its $10 million network planned for New South Wales and the ACT. The network, which will be the largest in Australia, will comprise 40-plus charging stations that will be free to use for NRMA members... Read More
  2. 14.06.2018
    14.06.2018
    by      In
    Australia’s Collins Class submarine fleet is set to receive significant sonar upgrades this year in a project led by Raytheon Australia and Thales Australia.
    In announcing the commencement of the upgrade programme, Minister for Defence Industry, the Hon Christopher Pyne MP, said that as the... Read More
  3. 14.06.2018
    14.06.2018
    by      In
    Australian-founded Ainsworth Game Technology has expanded globally since being established in 1995, today representing the fifth-largest gaming manufacturer in the USA. The company boasts a new state-of-the-art US$40 million facility in Las Vegas, which produces thousands of gaming machines per... Read More
  4. 13.06.2018
    13.06.2018
    by      In
    CSIRO is to set up a new research centre focused on collecting and analysing data about Earth from space. The Centre for Earth Observation will help Australian researchers maximise the benefits of observing Earth from space and further develop Australia’s space sector.
    Executive Director for CSIRO... Read More