U.s. Manufacturing Sector Expands, The Construction Sector Contracting

Monexnews-the rate of growth in the u.s. manufacturing sector grew rapidly to the highest level in more than a year and half in February along with the continued rise in the number of new orders, while a separate report showed U.S. construction spending fell outside of the allegation. The Institute for Supply Management (ISM) index of national factory activity, said rose to 54.2 from 53.1 in January, exceeding economists expectations for a decline to 52.5. This is the highest level since June 2008. The manufacturing sector had lost its power in the second half of last year and the contract in November as a result of the storm that hit the northeastern United States.

(xiang)

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Switzerland Would Like To Prohibit Property Sector Bubble

Monexnews-the Government of Switzerland has asked banking to set aside additional capital in order to dampen the activity of channeling subprime mortgages. This is an attempt by the Government to prevent the booming property sector became uncontrolled until finally the bubble again. The price of the property and the distribution of housing loans have increased significantly in recent years as the central bank enact monetary policy loose.

Switzerland National Bank has also asked the Government to take action and point out anxiety over overheating housing prices. "The risk of overheating continue to increase in the second semester of 2012 to be able to become a risk for the stability of the banking sector and also Switzerland's economy," the SNB's statement. Meanwhile, Switzerland franc has not changed much in the New York session. USD/CHF is now traded 0.9168, near daily opening levels 0.9169 (fr)

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Obama Promised To Encourage The Recovery Of The Manufacturing Sector

Monexnews-U.s. President Barack Obama on Wednesday expressed its commitment to the barrier in order to encourage memupus all the manufacturing sector's recovery.

"I believe if the manufacturing sector will make the country stronger," said Obama, in a speech at the automotive manufacturer factory Canada, Linamar Corp., in Ashville, North Carolina. In the event that a series of Presidential visits to U.S. States, Obama also proposes several steps to prop up the manufacturing sector, including lower tax rates for manufacturers and increased tax credits for research and development.

While the White House Economic Adviser, Gene Sperling, told reporters that the study showed that the manufacturing sector has been gaining a strong punch, while the presence of the plant not only jobs but also open airy encourage more economic activity in the surrounding environment. Sperling also said if the momentum of revival began to appear, which is reflected by the growing number of companies that set up their factories in the United States. (vid)

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