More good news on the US economy today, as the Commerce Department’s preliminary factory data for September found new orders for manufactured goods rose for the fifth time in six months, increasing $3.3 billion (0.9%).
This comes a day after the Institute for Supply Management’s monthly purchasing managers index rose again and at a faster rate than expected .
And while ISM New Orders index slipped a bit, that index is at 58.5%, suggesting more good news ahead.
The economy would have to catch fire like celebrity chef Rachael Ray in an oven to make up for the pain we’ve gone through the past year. But it’s a start.
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This entry was posted in Hot Wires and tagged ISM , Purchasing Managers Index , Rachael Ray by Mike . Bookmark the permalink .
About Mike
Mike Buetow is president of the Printed Circuit Engineering Association (pcea.net). He previously was editor-in-chief of Circuits Assembly magazine, the leading publication for electronics manufacturing, and PCD&F, the leading publication for printed circuit design and fabrication. He spent 21 years as vice president and editorial director of UP Media Group, for which he oversaw all editorial and production aspects. He has more than 30 years' experience in the electronics industry, including six years at IPC, an electronics trade association, at which he was a technical projects manager and communications director. He has also held editorial positions at SMT Magazine, community newspapers and in book publishing. He is a graduate of the University of Illinois.
Follow Mike on Twitter: @mikebuetow
