Economic reports are expected to show manufacturing growth

06/1/2010 | Bloomberg Businessweek

Economists expect an ISM report and data on construction spending from the Commerce Department to show that manufacturing expanded in May. "The inventory restocking cycle has considerable further room to run, so it is likely to support industrial production and manufacturing employment through at least yearend," Joseph LaVorgna and Carl Riccadonna, economists at Deutsche Bank Securities, wrote in a note to clients.

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