The U.S. manufacturing expansion has accelerated in March,
driven by gains in production and orders. This is the latest sign that economy
is beginning to shake of its winter stagnations and building momentum into the
second quarter.
‘Solid March’
The solid sales of Toyota in March have pushed the
first-quarter industry result even further than last years results despite experience
one of the worse winters. Toyota dealers are experiencing the best two weekends
in sale and are optimistic for sales to come in the spring. The increase
strides in the labor market are helping spur demand as well.
‘Consumer Optimism’
A pick up in spending by Americans has contributed to help spur factories. Economists have said that this improved optimism in spending is due to consumers believing the economy is growing.
A pick up in spending by Americans has contributed to help spur factories. Economists have said that this improved optimism in spending is due to consumers believing the economy is growing.
http://www.bloomberg.com/news/2014-04-01/u-s-ism-manufacturing-index-rose-to-53-7-in-march-from-53-2.html
2 comments:
It's interesting that weather has affect the economy so much but on the other hand it has made sense with the brutal winter we just had. We are seeing pretty steady increases ever since the "Great Recession" as job markets are also on the rise. This is especially important to the seniors in the class who will soon be venturing off into the real world to find jobs.
I would be curious to see the contrast between the recent increase in demand/production in states that have suffered this harsh winter to states who have not. Would a state such as California have a more even, steady demand/rate of production without bad weather as an externality?
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