U.S. Manufacturing Grows for 33 Consecutive Months

Here’s some good news on May 1, 2012:

NEW YORK (CNNMoney) — American manufacturing activity picked up in April, according to a report that showed the sector grew for the 33rd month in a row.

The Institute of Supply Management’s monthly index rose to 54.8 in April, from a 53.4 reading in March. Any reading above 50 indicates growth in the sector.

“This month’s increase is yet another sign that the U.S. manufacturing sector has been one of the most reliable sources of growth in the U.S. economy since the Great Recession ended,” said Alistair Bentley, an economist with TD Bank.

Manufacturing growth has created 120,000 jobs in the first 3 months of 2012. This is welcome news!

Dave Gardner, Gardner & Associates Consulting, http://www.gardnerandassoc.com

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