Top US manufacturing index jumped the most since 1980 in June as reopenings spurred growth - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Top US manufacturing index jumped the most since 1980 in June as reopenings spurred growth

An employee works to make masks at New Balances factory in Lawrence, MA on June 9, 2020, which has converted its operations to produce personal protective equipment with the assistance of the Massachusetts Emergency Response Team .manufacturing index climbed back to growth territory in June as states reopened their economies.

Despite the strong improvement, US manufacturing is positioned to "face major challenges" from weak demand, lasting supply chain disruptions, and rebounding virus cases, Gregory Daco, chief US economist at Oxford Economics, said.A key measure of US manufacturing leaped back into growth territory in June as factories reopened and state economies turned back online.manufacturing index surged 9.5 points to 52.6 last month, its biggest increase since 1980.

ISM's measure for new orders improved 24.6 percentage points to 56.4, and its production gauge climbed 24.1 percentage points to 57.3. Employment remained in contractionary territory, landing at 42.1 in June after reading 32.1 the month prior.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Inside Chinese smartphone giant Vivo's 32-floor tower HQ - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They said they gonna built this in Delhi. They betrayed me. vivopakistan you should consider this as well & it's not impossible.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

How Quibi is working with influencers, inside its strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The status quo wins another day.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

US companies added 2.37 million jobs in June, fewer than economists expected, ADP says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Those are furloughed workers being called back, let's make that clear. You mean furloughed workers going back to work. Its critical that these number be communicated accuartely b/c ppl will interpret this as the economy is making a come back- false. Companies are NOT hiring net new employees. They have hiring freezes and are still laying ppl off. It’s good to keep news positive. But, majority of the companies have reduced overhead (people). The positive numbers are those furloughed during lockdown. Also, the world is discussing inequality. So, all professionals will not be called back fairly. This is fact.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »