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Manufacturing In U.S. Eases Recession Concerns

Manufacturing in the United States eases recession concerns, as the ISM factory index stays above 50.0.

Manufacturing in the United States eases recession concerns, as the ISM factory index stays above 50.0.

Although the Institute for Supply Management, ISM, had its factory index fall in August from 50.6 from July’s level of 50.9, any numbers greater than 50 are thought of as positive and a signal of expansion. This is helping to ease fears that the United States is heading for another recession. It had been predicted that the level would drop to 48.5, so staying above 50 is a relief for many, although it is still the slowest rate of growth since July 2009.

The United States is now recovering from setbacks which were related to the earthquake and tsunami in Japan in March which stopped vital parts being shipped from Japan for a while as Japan tried to recover from the devastating disaster and loss of power which occurred when the Fukushima Nuclear Power Plant was so badly damaged.

It is now expected that at its next meeting at the end of September, the United States bank, the Federal Reserve will try to boost the economy by announcing new measures.

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Anthony has more than 35 years business experience as an employee, manager, entrepreneur, and consultant. A Trivia buff, Anthony is one of the major contributors to the General News category, too.

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