Mr. Williamson said the data is consistent with the economy expanding at a 2.5% yearly rate, up from the average 1.3% expansion seen over the first two quarters of the year.
Trump highlights progress in U.S. domestic manufacturing production
→
A separate report from S&P Global on manufacturing came in better than expected, but the overall figure “masks worrying developments under the hood of the U.S. manufacturing economy,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.
Wall Street drifting as oil prices jump and U.S. manufacturing slumps
→