Pace of US manufacturing growth and car sales pick up

[pampango]

Source: BBC

The pace of growth in the US manufacturing sector in November reached its strongest rate since June, a survey has indicated.

The Institute for Supply Management said its index of factory output rose to 52.7 from 50.8 the month before. An output reading above 50 indicates expansion in the manufacturing sector.

Hopes for the US economy were also raised with publication of figures showing that US car sales rose sharply in November, extending a recovery trend to six consecutive months. Sales rose 14% to 994,721, according to Autodata. It was also the fastest sales pace since August 2009, when the government was offering subsidies so drivers could trade in vehicles.

US sales will hit 13.6m this year if they stayed at the same pace as they did in November. That is a far better rate than the 12.6m in the first 10 months of this year. Chrysler, Ford, Nissan and Hyundai were among the companies that reported double-digit gains from November 2010.

Read more: http://www.bbc.co.uk/news/business-15991292

[jpak]

1. K&R

:thumbsup:

[Kingofalldems]

2. I like this one

[saras]

3. We're in a pathetically hopeless spiral to hell if "more cars built" is GOOD news...oh, well

It looks like Wall Street won. America will choose jobs over social justice, and after beating us down sufficiently, they will give us "jobs" under conditions much more slavish than the previous generation's jobs, and the DLC side of the party will relax and say "mission accomplished."

[Sherman A1]

4. Precisely

:thumbsup:

[DCBob]

5. Until there is an alternative we need cars to survive in this country..

Given that, I would rather have them built here than in Korea, Japan, etc.