July 5, 2007

The index of manufacturing activity experienced during the month of June it’s largest increment since April of this year while price’s pressure declined.

The manufacturing index activity indicator showed a 56.0 in June depicting an increase if compared with 55 in May and 54.7 in April. Analyst expectation’s number was 55 for June.

Reading above 50 suggest an expansion of the activity while a number below 50 indicates a contraction.

After a weak first trimester the manufacturing sector improved it’s performance with relative strength for the second trimester.

Good news to counter the poor performance brought about by the housing sector an economic vector that has threatened to provoke an economic recession.