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Manufacturing & Construction On The Rise

Construction and manufacturing are significant economic indicators to determine the health of our country, and recently a trade group reports that both of these important sectors continue to move in the right direction...a good sign for the metal construction industry:

Manufacturers produced more goods and booked more orders last month, a trade group says, leading to the fastest growth in factory activity since May. Meanwhile, construction spending rose for a third straight month in November.

Last week the Institute for Supply Management said that its index of manufacturing activity rose to 57 in December from 56.6 in the previous month. Any reading over 50 indicates growth. The latest is well above the recession's low of 32.5, hit in December 2008. But it's below the reading of 60.4 in April, the highest level since June 2004.

A separate report showed that construction spending rose 0.4 percent in November. Builders began work on more homes and the government boosted its investment in construction projects to lift spending to $810.2 billion, the Commerce Department said. Still, that's only 2.3 percent above August's figure, which was the lowest level in a decade.

Manufacturing has been one of the strongest performers since June 2009, and the latest report suggests that is likely to continuing in the coming months.

Courtesy of The Associated Press


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