There was modest improvement in
factory sector activity, as growth in the new orders escalated, production expanded and the ISM headline figure indicated growth for the first time in six months.
The Federal Reserve indicated that storm damage curtailed the change in total industrial production, as well as the change in
factory sector activity, by roughly 3/4 percentage point during August.
Not exact matches
The materials
sector, including the nation's largest steel manufacturers, should also benefit from more protective policies, said Darby, even as
factory activity climbs.
And, on Thursday, new
factory activity data is expected to show that the manufacturing
sector grew at a slow pace in September, while U.S. automakers are expected to report a 12 % increase in monthly sales year - over-year.
National
factory activity was expected to decline in April, slowing amid seasonal factors and underpinned growth in the manufacturing
sector.
However, readings on the U.S. services
sector and mid-Atlantic
factory activity indicated a slower pace of growth.
Purchasing managers indexes (PMIs) in the manufacturing
sector released on March 1 had already flagged February
factory activity at multi-month lows as domestic demand dipped.