4/6/2010

The Institute of Supply Management's latest survey shows resiliency in the manufacturing sector, as figures line up with the 5% growth in U.S. gross domestic product for the first quarter, according to the American Chemistry Council's Weekly Chemistry and Economic Trends report. "Consumer spending is expanding and this continued into March. ... consumers appear to be regaining some degree of confidence," the report says. However, there's a risk that restocking in the manufacturing sector may be mistaken as an indication of a strong economic recovery, says analyst Paul Hodges.

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ICIS News (U.K.)

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