DIB Solutions: Manufacturing Down, Construction Up
Manufacturing in the US showed a contraction this month compared to the previous. But construction increased slightly giving a mixed view on the month of June.
DIB Solutions got hold of data that gave more indication that the economy was pulling out of the recession. Sources from The Institute of Supply Management told DIB Solutions that factory output had risen from the previous month, but still did not meet the index figure of 50 that is needed to say that is not in contraction.
But the figures do point to the fact the index was just under 49 and they expect next month to hit the 50 targets, which measures expansion.
DIB Solutions points out that last months figures paint a much-improved picture as it beats all the forecasts. This along with an increase in US construction shows DIB Solutions that the US is getting out of recession.
Sources told DIB Solutions that the economy decline seems to be ending as the evidence suggests.
But it is not just manufacturing and construction, another sign that the economy is getting better was shown with the US Dollar being a 10-month low against a pool of currencies. This allows for investors to be more comfortable with turning to higher risk assets, looking for greater yield.
This is good news for companies looking for investment, it will now be easier than it has been for the last 24 months, already at DIB Solutions we have seen the landscape change over the last two weeks with investors coming back to the market.
Issued By: dibsolmarket
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