Daily Economic Indicator: Manufacturing expansion speeds up

05/4/2010 | Bloomberg

An accelerated growth in manufacturing in April suggests that the U.S. economy is growing more rapidly as the second quarter begins. "This speaks to the tremendous health of the manufacturing sector and should be consistent with further gains in hiring," said Carl Riccadonna, a senior economist at Deutsche Bank Securities. "The strength in economic activity in the first quarter has carried into the second quarter, and in fact, is probably accelerating."

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