U.S. factories rebound, resisting global downward pull

U.S. factories rebound, resisting global downward pull
 

U.S. factories ramped up activity in September, shaking off a one-month contraction in a sign America was resisting the downward pull of the weakening global economy.
The Institute for Supply Management (ISM) said on Monday its index of national factory activity rose to 51.5 from 49.4 the prior month, beating analyst expectations in a Reuters poll. Levels above 50 indicate the sector is expanding.
"This is a relief," said Ian Shepherdson, an economist at Pantheon Macroeconomics.
The dollar rose to session highs against a basket of currencies while Treasury yields also moved... read more

 
3 October 2016 in Business, Views: 38
Source: Reuters
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