The United States manufacturing may expand, November than the pace of October to slowly. The factory activity may have weakened the sandy Superstorm.
Economists predict, the institute of supply management's manufacturing index decline from October 51.7 to 51.2. Level is consistent, only modest economic growth.
The index is higher than that in fifty manufacturing expansion.
Institute for supply management will release its report, in ten eastern time on Monday. ISM is a trade group purchasing manager.
Reading, pushdown Superstorm sandy, attack east coast on October 29,, affected the enterprise, in 24 states.
Two area in mid-november manufacturing survey released, storm disrupted Philadelphia and New York area factory. Sandy said on Friday, the government in October down consumer spending contributed.
Manufacturing growth boost, oct. Only 5 months the second leap of the new order and higher yield. The report recommended that better help weaker consumer spending slowdown in business investment, and other industries.
Although the storm and the economy is still weak, consumers remain optimistic. Consumer confidence measures, November reached new highs in five years. More consumer spending may improve the plant output.
Last week, according to a report of the large factory goods demand have rebounded, dropped sharply, in this summer. Industrial machinery and other core capital goods orders, it reflects the enterprise's investment plan, rise the most may up.
But the enterprise and the consumer growth may before the end of the year cautious attitude. Enterprise worry about a big government tax and spending cuts, combined with are called "money cliff," next year, if congress fails to achieve the budget agreement, in order to avoid they will play.
Consumers can control cost concern their revenue will increase. Some consumer survey shows that more and more realized the potential growth.
Economy in July to September quarter at an annual rate of 2.7%, far better than April to June quarter of 1.3% growth. But most economists expect growth will slow to less than 2% in the last three months of this year, mainly because of the influence of sandy and fiscal cliff.
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