While you were sleeping US manufacturing delivers

Tue, 01 Apr 2014

By Margreet Dietz April 2 (BusinessDesk) – Equities advanced, pushing the Standard & Poor’s 500 Index to a record high, as the latest manufacturing data showed that the US economic recovery remained on track. The Institute for Supply Management’s index increased to 53.7 in March from 53.2 a month earlier, a sign that the effects of the harsher-than-usual American winter are beginning to wear off. Of the 18 manufacturing industries, 14 reported growth in March, according to the report. "There's a whiff of spring in the economic data, which me...

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