Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
U.S. Manufacturing In August Hits Two-Year High
WASHINGTON (9/4/13)--U.S. manufacturing expanded in August at it quickest pace in more  than two years, heightening expectations for more rapid overall growth in the U.S. economy in the second half of 2013, according to the Institute for Supply Management's (ISM) manufacturing index (The New York Times, The Wall Street Journal and Bloomberg.com  Sept. 3).
 
The index rose to 55.7 in August from 55.4 in July, ISM said. A reading above 50 is a sign of expansion in the manufacturing sector. August's uptick was the third consecutive monthly expansion, and the index reading was the highest of the year.
 
Also, new orders recorded their best level in more than two years, with that sub-index surging to 63.2 from 58.3. However, the employment sub-index dipped to 53.3 from 54.5
 
Government-spending cuts and eroding global demand have hurt manufacturing this year, causing the sector to contract in May, the Times said.
 
However, substantial rises in activity in July and August are enhancing economists' outlooks that companies producing U.S. goods are gaining traction as the year goes on, the Times added.
Other Resources

CUNA National Economic Data
RSS print
News Now LiveWire
.@COFCU's #CommunityChallenge saves members $700K in interest, gives back to local charities See #NewsNow http://t.co/67o0rOp3Ml
17 minutes ago
Post #QE, @federalreserve concerns still linger, says @CUNA's Schenk http://t.co/0GSrpUYpyG
1 hours ago
.@CUNA's @HampelBill in @WSJ on @federalreserve mtg: 'No significant impact on financial markets or the economy' http://t.co/sbJycxdDXS
1 hours ago
#ApplePay: #Creditunions need it to be competitive, says @CUNA webinar http://t.co/Rf8j9KWru2
1 hours ago
Consumer confidence hits 7-year high #Market #NewsNow http://t.co/s7DGIGLZb3
19 hours ago