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US Manufacturing Expands on Strong Auto Sales and Home Construction

avatar By Jeanne Goddard

02 Oct 2012 31 views
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US Manufacturing Expands on Strong Auto Sales and Home Construction
Manufacturing unexpectedly expanded in September, exceeding even the most optimistic forecasts in a Bloomberg survey. Sustained strength in motor vehicle sales and a rebound in demand for home construction materials provided a major lift for American factories, which outperformed their counterparts in Europe and Asia, according to the Institute for Supply Management's factory index.

Manufacturing unexpectedly expanded in September, exceeding even the most optimistic forecasts in a Bloomberg survey.

Sustained strength in motor vehicle sales and a rebound in demand for home construction materials provided a major lift for American factories, which outperformed their counterparts in Europe and Asia, according to the Institute for Supply Management's factory index.

Chrysler today reported robust sales figures for last month, up 12 percent from a year earlier. (READ the full Bloomberg report in the Wash Post)

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