The Institute for Supply Management released its February 2010 Manufacturing Report On Business Monday. The report shows that manufacturing jobs grew for the third month in a row. Even more upbeat was the fact that the report indicates that job growth in the sector is now accelerating.
Furthermore, overall economic activity in the manufacturing [...]

Improvement in the factory sector looked material last month. The overall level of durable goods orders jumped 3.0% and that followed an upwardly revised 1.9% December increase. Transportation spiked 15.6% in January after a 1.5% rise the month before. For the latest month, non-defense aircraft lifted-off to a monthly 126.0% increase; defense aircraft rose [...]

Two key reports this week continue to indicate that the manufacturing sector continues its strong rebound from a year ago.
On Tuesday, the Empire State general business conditions index jumped nearly 9 points to 24.91 — a reading that indicates substantial month-to-month acceleration in the region’s manufacturing conditions. New orders, at a level of 8.78, and [...]

Factory orders continued their solid advance in December, up another 1.0% on top of their 1.0 percent gain in November and 0.8% percent gain in October. The advance is strong in durable goods and non-durable goods, both up 1.0%.   Perhaps most encouraging is a capital goods reading that also shows strength in the month. Thursday’s [...]

On Monday the Institute for Supply Management said that the U.S. factory-sector booked its best performance in more than five years in January. Hiring continued to recover and the rate of month-to-month growth was driven by a red-hot pace of new orders that is now accelerating higher each month.
The ISM report points to exceptional overall [...]

To round out the first month of 2010, reports this past week all painted positive business signs for the year to come.
As we’ve been predicting for quite some time, GDP for Q4 was anything but lackluster. The gross domestic product rose at a 5.7% annual pace, the Commerce Department reported Friday, up from a 2.2% [...]

You may remember us pointing to China’s rebounding manufacturing sector last quarter. Well, the country’s overall economic growth continues to accelerate and drive a global economic rebound.
On Thursday China announced that its gross domestic product in the fourth quarter 2009 grew by 10.7% year-over-year — thats up from a revised growth rate of 9.1% [...]

The New York Federal Reserve’s Empire State manufacturing survey report released on Friday indicates accelerating December-to-January growth in the New York region. The general business conditions index rose signficantly from 4.2 in December to 15.92. (any reading above zero indicates month-to-month growth; the larger the number, the faster the growth).

The new manufacturing orders index also [...]

Global factory activity continues to accelerate. According to business managers worldwide, manufacturing vivification is now at the highest rate in nearly four years and new orders growth is now at a rate not seen in more that five and a half years.
The global PMI index is produced by JP Morgan with input from research and [...]

Brian Wesbury is one of the more optimistic professional economists out there. He’s proud of being dubbed “Mr. Sunshine.” Wesbury is chief economist at First Trust Advisors of Chicago and his assessments on the economy are quite in line with what you read here at the Good News Economist day after day.
He even has a [...]