Hi All:
I have been following after the economy reports and although I'm hesitant to jump on any bandwagons, I was encouraged to read the following:
**Article taken from -- Metal Center News - click here to visit
Economic Activity Rebounds After Month of Contraction
Economic activity in the manufacturing
sector bounced back in June after a month of contraction, according to
the latest ISM Report on Business from the Institute for Supply
Management in Tempe, Ariz. ISM’s June PMI registered 50.9 percent, up
1.9 percentage points from its May figure. A reading above 50 indicates
growth.
Of the 18 manufacturing industries surveyed, 12 reported growth in June,
including primary metals, fabricated metal products and machinery. The
average PMI for January through June of 51.5 percent corresponds to a
2.9 percent annual increase in GDP, ISM claims.
The trend was not as positive for hiring, however. ISM's June Employment
Index registered 48.7 percent, a decrease of 1.4 percentage points.
Manufacturing employment contracted for the first time since September
2009, when the index registered 47.8 percent.
ISM's New Orders Index increased in June by 3.1 percentage points to
51.9 percent, while its Production Index increased by 4.8 percentage
points to 53.4 percent.
**Article taken from -- Metal Center News - click here to visit**