Manufacturing expanded at a faster rate in August, helped by employment gains, the Institute for Supply Management said in a monthly report.
August's index reading registered 58.8, up from July's reading of 56.3. The total is the percentage who reported growth, so a reading above 50 indicates expansion.
New orders were also better than expected, with the index coming in at 60.3 versus the consensus estimate of 60.0, but softening very slightly from the previous month's 60.4. The August PMI was the highest since April 2011.
The reading exceeded economist expectations and suggests stronger global growth, a soft dollar, a booming stock market and rising consumer and business confidence are boosting American manufacturers. However, at 4.8, it continues to be supportive of future growth, albeit slower, in the sector, stated TD Economics in a research report. Nine of the ten index components grew, while the customers' inventories index contracted for the second consecutive month.
The closely-watched ISM purchasing managers survey showed all six of the "big six" industries - representing 70 per cent of manufacturing GDP - accelerating activity last month. It may not be the largest share of the United States economy, but the manufacturing sector is on fire.
While the price index was flat, it remains at a high level with all but two industries reporting paying increased prices for raw materials last month. Eleven industries reported higher inventories, while five reported a decrease.
The pipeline company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. New York-based Neuberger Berman Group Ltd Com has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). (NYSE:GES).
Wenger declared a deal for Lemar "dead" earlier this month . "I was focused on my game, that's all that mattered to me". Lemar scored twice for France in their 4-0 thrashing of Holland in a 2018 World Cup qualifier on Thursday night.
The FTSE 100 was marginally higher at the start of the new month, and in midmorning trading stood at 7428. Sustained growth in new orders led firms to expand their production schedules again in August.
US crude futures settled 98 cents lower at $47.43 a barrel and Brent crude ended down 53 cents a barrel, or 1 percent, at $52.04. Sharara recently reached output of 280,000 barrels per day (bpd), but closed earlier this week due to a pipeline blockade.
Celtics General Manager, Danny Ainge had seen talents like Paul George , Jimmy Butler and Chris Paul pass on by to other teams. So who won the trade? Irving is exactly the type of player the Celtics need, a proven playoff performer and a victor .
The sources told NBC News that prosecutors want to know what Trump knew about the meeting and whether he sought to hide its goal . The president has repeatedly called it a "witch hunt", has denied any collusion with Moscow and has been critical of Mueller.
As the rain came steadily down, they looked at the flowers and posters on the palace gates as a small crowd watched silently... The White Garden now marks the fourth memorial in London that has been dedicated to The People's Princess .
Finance Minister Arun Jaitley on Wednesday said that the volume of cash in circulation had dropped by 17%, as per the RBI report. After the note ban, old notes were allowed to be deposited in banks, with unusual deposits coming under income tax scrutiny.
The EU will not negotiate trade before a financial settlement, EU citizen's rights, and the Irish border issues are settled. The criticism contradicted Theresa May's claims that it was the United Kingdom providing clarity on Brexit .
The treatment reprograms a patient's T cells to carry a "chimeric antigen receptor" that targets cancer cells. Auto directs the T cells to target and attack leukemia cells that have CD19 on the surface.
Ogun Hajj Board Denies Death Of Pilgrims
Confirming this development, the Commissioner in Charge of health, National Hajj Commission of Nigeria, NAHCON, Dr. On Friday, they will move on to Mina before sunrise for the hajj ritual of the symbolic "Stoning of the Devil".
Crude Oil Extends Monthly Low Ahead Of Inventories
It would've been a much bigger issue a decade ago, when the Gulf accounted for almost 30% of the nation's oil production. Low oil prices made it more profitable for refiners to turn oil into gasoline, and they created even more than needed.
Biebs' testicles at centre of new lawsuit
A month later, hospital honchos summoned Lombardo , accused her of peeking at private records, and eventually fired her. An examination showed that Bieber's testicles were fine. 'They targeted her because of her gender, ' Rosenberg said.