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. 14.08.2018
    14.08.2018
    by      In
    The former Trade Commissioner of Denmark to Australia and New Zealand, Michael T Hansen has been named General Manager of Nilfisk in Australia.
    Originally from Denmark, Hansen has more than 25 years of experience in business development and sales.
    Over the last 9 years as Trade Commissioner, Hansen... Read More
  2. 14.08.2018
    14.08.2018
    by      In
    World-renowned physicist Dr Cathy Foley has been named CSIRO Chief Scientist with a brief to help champion science, its impact and contribution to the world. Dr Foley is best known for her work developing superconducting devices and systems that have assisted in unearthing over $6 billion in... Read More
  3. 14.08.2018
    14.08.2018
    by      In
    Australian industry is cleaning up its act – both figuratively and literally, with the trend towards more eco-friendly cleaning techniques gathering pace in recent years. And as a company that has pioneered some of the greatest advances in this field, Tennant finds itself in the perfect position to... Read More
  4. 13.08.2018
    13.08.2018
    by      In
    Valmont Coatings Australia has teamed up with ARM Architecture and Architectus to take out the Global Galvanizing Award from the European General Galvanizers Association (EGGA) for the University of Melbourne’s Arts West Building.
    According to Valmont Coatings MD Aaron King: “With 36 projects... Read More