Here’s a part of the U.S. economy no one’s worrying about The manufacturing industry is one part of the U.S. economy that’s generating virtually no worries. Auto sales have repeatedly set new postrecession highs and most industries are experiencing their fastest growth in several years despite lackluster performance in key export markets such as Europe.
At 9.45 a.m, the research firm Markit is likely to report that its manufacturing index remains in the high 50s range in September, a level that reflects strong growth. Just minutes later, a more closely followed survey by the Institute for Supply Management will probably show a similarly robust reading. The ISM index surged to a three-year high of 59% in August and probably won’t fall much, analysts say.
Wall Street will also pay close attention to an employment gauge in the ISM report for a clue on whether U.S. job growth snapped back in September after a disappointing preliminary gain of 142,000 in August. The ISM employment index is a pretty good bellwether of what’s going on in the nation’s labor market.
News 
Market Data 
Discover 
