A key indicator of U.S. manufacturing rose slightly in May, climbing above an 11-year low in the latest sign that the economy is starting to recover from the coronavirus downturn as businesses gradually reopen. The Institute for Supply Management reported Monday that its index of U.S. factory activity rose to a reading of 43.1 in May, up from 41.5 in April. Anything under 50 indicates a contraction in manufacturing. "Today's report on the manufacturing sector represents good news that hints the economy is turning the corner as the states reopened in May," said Chris Rupkey, chief economist at MUFG in New York. "It will not be a quick recovery for sure, but at least the worst is over." [Reuters]
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About This BlogCertain numerology has a strong connection with occultism. Various numbers from time-to-time appear in news articles, and one has to wonder if there isn't some occult significance behind this story. Archives
May 2021
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