There Goes Mitt's Last Chance to Use The Economy (U.S. Mfg. Expanded in Sept.)
http://online.wsj.com/article/SB10000872396390444004704578030242980896684.html
The U.S. manufacturing sector expanded in September, ending three months of contraction, according to data released Monday by the Institute for Supply Management.
The ISM's manufacturing purchasing managers' index edged up to 51.5 last month from 49.6 in August, which had been the third consecutive reading below 50. A reading below 50 indicates contracting activity.
Economists surveyed by Dow Jones Newswires expected the latest PMI to come in at 49.5.
"Comments from the panel reflect a mix of optimism over new orders beginning to pick up, and continued concern over soft global business conditions and an unsettled political environment," the report said.
The U.S. index came in better than the weak reports from other global factory sectors. Still, the factory sector worldwide is struggling.
Good news within the U.S. ISM survey was the rebound in demand. The new-orders index rose to 52.3 from 47.1 in August. The exports index edged up to 48.5 from 47.0.
This number was a big determinant in recovery of the economy. U.S. markets are all up as a result of this news. This is very good news going into Wednesday's debate.
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