United States manufacturing economy accelerated expansion, more than Wall Street had expected, Monday the US stock early day cheered. United States Institute for supply management (ISM) Monday announced October manufacturing climate index, by the previous month's leap to 55.7 52.6 points, not only beat Wall Street point forecast 53 points, and the highest since April 2006, the highest point since.
The commercial times "reported that u.s. stocks, by encouraging Mon Dow closing up 0.79% to 9789.44 points. At the same time, in the United States the obvious incentive sluggish, investor appetite for risky assets also increased, in dollar and therefore fell back.
This is a United States manufacturing climate index for the third consecutive month in 50 point above the critical point of economic expansion, mainly thanks to the production, employment and new orders continued expansion of three sector globally.
October production index by the previous month to 63.3 55.7 point, new orders index point 58.5 before points, although less than month 60.8 point, but still maintain the expansion. As for the employment index for the month October is a performance, by the previous month's rise to 53.1 46.2 points is more than a year for the first time to rally, display manufacturing employment market has shrunk into expansion. Experts pointed out that this is because manufacturing reduce redundancies and increase the temporary labour. Supply Management Association stated in his report, by October manufacturing climate index showed that United States manufacturing industries has fully recovered.
In addition, the United States real estate market has taken a recovery. United States Department of Commerce on Monday announced in September surge in construction spending, accidents, far better than 0.8% previously forecast decline on Wall Street 0.1%. Experts say that the United States market and public building construction expenditures are increased to compensate for the commercial office sector sluggish construction expenditures.
These two indicators in the United States economy appears in a sustained recovery. Nevertheless, the current Nobel economics laureate Kru Mann Monday in New York Times wrote that, in order to avoid future years will be higher unemployment rates, the United States Government must increase the revitalization measures and expenditure.
He noted that the current revitalization measures limited effect, while helping the economy, but power. Kru Mann said that although the United States sustained economic recovery, the unemployment rate will decrease, but the rate of decline has been slow to return to full employment, you may have to wait more than 10 years.
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