时事资讯:制造业好转显示全球经济开始复苏_时事

时事资讯:制造业好转显示全球经济开始复苏

Another big question haunting the global economy now is whether inflation will unexpectedly climb and push the world again into recession, said Mr. Suttle. Others factors that could affect both the strength and length of global growth are unemployment and consumers' reticence to spend.

Still, the August improvement in the U.S. is notable because many of the industries that improved aren't linked to automotive production. That signals an improvement in demand apart from the Cash for Clunkers program, which let people trade vehicles in for a credit toward more fuel-efficient models, helping boost consumer spending and manufacturing.

International Rectifier Corp., which manufactures power semiconductors, said demand and growth were particularly strong in China and Taiwan and the company noted 'encouraging signs of stabilization' in North America, in its earnings call last week. Europe and Japan were still hindered by challenges in the industrial automotive sector.

New orders were a driving force behind the manufacturing gains in the U.S., rising almost 10 percentage points to 64.9. Production and supplier deliveries, which tend to be tied to improvements in new orders, also rose.

In the midst of all the good news, hiring was still a weak spot in the U.S. manufacturing report. The index shows that employment was still contracting and some companies noted in their comments that layoffs were still ahead. Separate indicators released Tuesday showed mixed signs for the construction industry. The National Association of Realtors' pending home sales index rose to 97.6 in July from 94.6 in June. But construction spending fell 0.2% in July to a seasonally adjusted annual rate of more than $958 billion compared to the prior month, the Commerce Department said.