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'US INDUSTRY IS BOOMING AGAIN'
BI ^ | 6-23-2014 | Sam Ro

Posted on 06/23/2014 10:47:59 AM PDT by blam

June 23, 2014
Sam Ro

  

U.S. manufacturing activity is at its highest level since May 2010.

According to Markit, the U.S. Flash manufacturing purchasing managers index (PMI) unexpectedly jumped to 57.5 in June from 56.4 in May.

"U.S. industry is booming again," said Markit's Chris Williamson.

"The latest rise in the headline PMI was driven by the fastest output and new orders growth for just over four years," reported Markit.

Economists surveyed by Bloomberg expected this activity index to fall to 56.0.

Here are the key points from Markit: •Output and new orders rise at faster rates in June •Solid increase in payroll numbers •Cost inflation hits five-month high

"The strong reading also rounds off the best quarter for factories for four years, adding to indications that the US economy rebounded strongly in the second quarter from the weather-related weakness seen at the start of the year," said Williamson. "The survey data suggest that GDP should be set to rise by at least 3.0% after the 1.0% decline in the first quarter."

(snip)

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; industry; investing; manufacturing

1 posted on 06/23/2014 10:47:59 AM PDT by blam
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To: blam

“unexpectedly”

There’s that word again.


2 posted on 06/23/2014 10:51:25 AM PDT by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: blam
indications that the US economy rebounded strongly in the second quarter from the weather-related weakness seen at the start of the year," said Williamson. "The survey data suggest that GDP should be set to rise by at least 3.0% after the 1.0% decline in the first quarter.

BS

3 posted on 06/23/2014 10:51:54 AM PDT by tbpiper (B)
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To: blam
In spite of what Obama and this administration would claim America's industry's growth has nothing to do with his failed economic policies but has everything to do with America's oil boom creating more jobs and producing more petroleum.

DRILL MORE OIL BABY DRILL !

MORE POWER TO PETROLEUM !
4 posted on 06/23/2014 10:52:56 AM PDT by American Constitutionalist
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To: blam

Obama to take credit in 3..2..1...


5 posted on 06/23/2014 10:53:25 AM PDT by CedarDave
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To: blam

Sorry. I don’t believe any positive news as all the other positive news has turned out to be untrue. Fool me once...


6 posted on 06/23/2014 10:55:07 AM PDT by Gen.Blather
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To: blam

Business Insider is a hard-left Obama supporter. I don’t believe them when they tell me what day it is.


7 posted on 06/23/2014 10:57:20 AM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: blam

Whatever little manufacturing is left here, that isn’t on life support from .gov, must be having a teensie little uptick, but will probably be “unexpectedly” corrected later on.


8 posted on 06/23/2014 11:00:19 AM PDT by jacquej ("It is the peculiar quality of a fool to perceive the faults of others and to forget his own.")
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To: blam

It must be the good weather causing this uptick . .


9 posted on 06/23/2014 11:03:06 AM PDT by ▀udda▀udd (>> F U B O << "What the hell kind of country is this if I can only hate a man if he's white?")
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To: tbpiper
I understand the skepticism. Every agency, BLS, the Fed etc have provided editorialized reports and #’s. There is absolutely not one true fundamental metric that has not been affected with politics, more so over the past 4 years.

Despite the asshats in charge, I truly believe things are getting better. It will certainly help if we had pro American, free market, less regulated market, but I think this nonsense is now part of the calculus in business.

I look around my area, and there is “some work”.

I have hope that we all will do better in the upcoming year.

I pray and I think the needle is stingily moving north.

10 posted on 06/23/2014 11:06:15 AM PDT by guyfromjrz (fresh breath, it speaks for itself.)
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To: blam

Business Insider publishes a steady stream of
“ everything’s wonderful in Amerika with Obama” articles. But there still are hardly any jobs for millions and millions and millions of American citizens.


11 posted on 06/23/2014 11:07:16 AM PDT by faithhopecharity ((Brilliant, Profound Tag Line Goes Here, just as soon as I can think of one..))
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To: blam

BS on the chart. Are these the same people who came up with the Auschwitz ruse, “No, really—those are showers”.


12 posted on 06/23/2014 11:09:38 AM PDT by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: Gen.Blather

Fool me once shame on you! Fool me twice shame on me!!!


13 posted on 06/23/2014 11:12:24 AM PDT by tallyhoe
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To: blam

—>> US Industry Booming <—

Too bad it all moved to Mexico and China before it started booming.


14 posted on 06/23/2014 11:12:52 AM PDT by Iron Munro (The Obamas' Black skin has morphed into Teflon thanks to the Obama Media)
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To: blam

Automated factories can boost production while downsizing the labor force. In the Obamacare over-regulated zero-interest capital-friendly-investment world we now live in, it would seem obvious that humans will be right-sized while the machines take over. Manufacturing is following in the footsteps of agriculture. National agriculture requires 3% of the work force to run. When manufacturing hits that number, the process to fully automate manufacturing will be complete. Without pesky humans to get in the way, productivity will maintain or go up based on the need to supply the market.


15 posted on 06/23/2014 11:17:12 AM PDT by Gen-X-Dad
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To: tbpiper

It will go down again this month because of all the unexpected rain and flooding.


16 posted on 06/23/2014 11:17:53 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: jacquej

There is a real manufacturing boom in all industries related to the oil/gas boom. It goes down to the steel industry for equipment, rail industry for transport, and at the far end the chemical industry for product.

Keep in mind that all of this is activity obama would love to stop.


17 posted on 06/23/2014 11:20:53 AM PDT by henkster (Do I really need a sarc tag?)
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To: carriage_hill

Don’t you know that “unexpected” good news always precedes any major election when Democrats are in power?

This is simply the “unexpected” good news before the 2014 election.


18 posted on 06/23/2014 11:48:33 AM PDT by DH (Once the tainted finger of government touches anything the rot begins)
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To: blam

You can notice just when things started getting bad, in Jan.2007. Gee, what else happened at that time? I know.That’s when the Democrats took over Congress. Been going south ever since.


19 posted on 06/23/2014 11:48:52 AM PDT by NotTallTex
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To: CedarDave

“Comrades!” cried an eager youthful voice. “Attention, comrades! We have glorious news for you. We have won the battle of production! Returns ...


20 posted on 06/23/2014 12:21:35 PM PDT by tumblindice (America's founding fathers: all armed conservatives)
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To: DH

Heh. “Unexpected” is all I’ve been hearing from the DBMs for the past 2-3yrs. They’re doing quite a prep job.


21 posted on 06/23/2014 12:28:37 PM PDT by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: guyfromjrz

I want it to be better too, but there is little to nothing out there to support any growth. Don’t believe the stock market. It’s not even connected to the economy anymore. A lot of the stocks are being bought with money printed by the Fed. It’s a bubble that’s going to burst


22 posted on 06/23/2014 2:09:49 PM PDT by tbpiper (B)
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To: carriage_hill
"Unexpectedly" is the code-word for "until it is revised downward next month."

-PJ

23 posted on 06/23/2014 2:11:39 PM PDT by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: blam

So the PMI is sitting less than it was in ‘07, and your are telling us mfg. is booming? Sell that sh__ sandwich elsewhere.


24 posted on 06/23/2014 2:12:28 PM PDT by catfish1957 (Face it!!!! The government in DC is full of treasonous bastards)
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To: blam

Oh OK Oh happy days are here again.


25 posted on 06/23/2014 3:44:15 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: blam

does anyone really believe this kind of headline?


26 posted on 06/23/2014 3:47:56 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: blam

Even if this were true, you can bet the farm dear leader will step in and screw it up.


27 posted on 06/23/2014 4:00:42 PM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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To: tumblindice

1984?


28 posted on 06/23/2014 9:50:06 PM PDT by yorkiemom
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To: Political Junkie Too

“”Unexpectedly” is the code-word for “until it is revised downward next month.””

That is an excellent summary. And the correction will be on page 27.


29 posted on 06/23/2014 9:51:19 PM PDT by yorkiemom
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To: blam; All
"'US INDUSTRY IS BOOMING AGAIN'"


30 posted on 06/23/2014 9:57:05 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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