Positive news for the US Economy.

Positive news for the US Economy. 

Since November we have seen bright spots in the US Economy. The Commerce Department reported on Wednesday that imports rose 3.5 percent to $365 billion thanks to increased purchases of consumer goods, computers, and industrial supplies. At the same time, however, exports fell. This likely reflects both dollar strength and economic weakness abroad.

The S&P Global purchasing managers index for U.S. manufacturers recorded not just a surge in confidence about the future but also a return to growth for new orders and output. The index itself moved into positive territory for the first time in seven months, indicating expansion for the factory sector.

New business orders improved for the first time since last June, according to the report released this week. This reflected improved customer confidence in the economy fueling rising demand, according to S&P Global.

The Institute for Supply Management’s survey produced very similar results. It recorded the first expansion for the sector after 26 months of contraction. New orders rose, output increased, and employment expanded.