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Archive for the ‘Expansion’ Category

According to a recent survey, Manufacturers have expanded for the first time in 19 months. The month of August has brought about a positive change and shows signs that the nation’s economy might be growing and is seeing better days.

The rise in the expansion has a lot to do with the auto industry but the report indicates that the expansion goes much broader than just the auto industry. The index of manufacture ring firms grew from 48.9 to 52.9 at the Institute for Supply Manufacturers. The line between expansion and contraction begins at 50 and since January 2008, the index was below this number every month.

The report revealed even more positive news as it indicates an index of new orders rose to 64.9 and production index rose to its highest peaks since 2004. These new findings suggest that expansion is set to continue in the future.

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