Gary's Blog

Tuesday, February 2, 2010

Factory Activity Fuels Growth

For the sixth straight month, The Institute for Supply Management said its manufacturing index rose. January read 58.4, vs 54.9 in December. A reading above 50 indicates growth.

New orders, a sign of future growth, jumped in January to its highest level since 2004. So did current production. Order backlogs grew, along with prices companies paid.

The 7 million lost jobs will take some time to get replenished, but that time will come. In the meantime, for those out there with cash in the pocket, now is the time to consider Maui real estate!

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