Comments by "grabir01" (@grabir01) on "Trump Touts US Economy at Modi's Event in Houston" video.
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BREAKING!!!! The U.S. manufacturing sector appears to be on the rebound.
U.S. manufacturing activity hit a five-month high, according to IHS Markit’s Purchasing Managers’ Index for September. The index, which is based on surveys of executives at manufacturing companies, rose to 51.0, the highest figure since April. In August, the reading was 50.3. All readings above 50 indicate expansion.
New order growth improved in September despite ongoing weakness in export orders. Sluggish global growth led to new export orders to weaken for the fourth month out of the last five.
“A ray of light comes from manufacturing reporting some easing of headwinds, though factory conditions likewise remained among the toughest since 2009 to underscore the broad-based nature of the current lassitude,” Chris Williamson, chief business economist at Markit, said in a statement
The Chicago Fed’s index of national activity also showed a snapback in manufacturing for August. Total industrial production rose 0.6 percent in August after decreasing 0.2 percent in July. The overall economic activity rose to a positive score of 0.1 from August’s negative 0.41, indicating that the economy is accelerating.
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