Subscribe to this Blog

Blog Archive

Subscribe Via Email

Enter your email address:

Monday, April 02, 2007

Manufacturing Not Expanding to Meet Expectations

Stocks were down today as manufacturing did not put up numbers that analysts were expecting.  The uncertainty will definitely is causing concern for investors who are warily watching geopolitical events unfold, the mortgage industry totter on the brink of self-destruction, and the auto industry attempting to ward off a financial crisis of its own.  With housing in a strange state and the auto industry suffering its no wonder her that manufacturing was unable to sustain the expected growth, but it is possibly more trouble in that analyst may have rose-colored glasses on and are looking for more that isn't there.

The nation's manufacturing sector expanded at a slower-than-expected pace in March, marking the second consecutive month of growth, a trade group said Monday.

The Institute for Supply Management said its manufacturing index registered 50.9 in March, below the February reading of 52.3 and Wall Street's expectation of 51.

A reading above 50 indicates growth for the sector, while a reading below 50 indicates contraction.

Source: U.S. manufacturing expands in March