US factories grew last month at fastest pace since 2014

by Paul Wiseman, The Associated Press Posted Mar 1, 2017 8:19 am MDT Last Updated Mar 1, 2017 at 11:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email US factories grew last month at fastest pace since 2014 WASHINGTON – American factories expanded last month at the fastest pace in more than two years.The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index came in at 57.7 last month, up from 56 in January and highest since October 2014. Any reading above 50 signals growth.Factories have now expanded for six straight months. New orders, production and export orders grew faster. Hiring grew, but at a slower pace than it did in January.Seventeen of 18 manufacturing industries reported growth in February.American factories have bounced back after being hurt in early 2016 and late 2015 by cutbacks in the energy industry, a reaction to low oil prices and a strong dollar, which makes U.S. products costlier in foreign markets.Bradley Holcomb, chair of the institute’s manufacturing survey committee, said manufacturing’s winning streak is being driven by ordinary Americans.“Ultimately, it’s the consumer — consumer demand, consumer confidence,” he said. “They are buying things in stores that we manufacture.”The Conference Board said Tuesday that consumer confidence rose last month to the highest level since 2001.“As far as I can see, there’s nothing standing in the way of continued growth (in manufacturing) at these kinds of levels,” Holcomb said. read more

Brocks Tonya Verbeek captures silver in London

Hundreds gathered at Isaac’s Bar and Grill on campus to cheer for Brock alumna Tonya Verbeek as she competed for gold in women’s wrestling in London Thursday.Former Brock wrestler and Badgers assistant coach Tonya Verbeek pinned a silver medal in London today — her third career Olympic medal — and the distinction of being Canada’s most decorated woman wrestler.“Today, Tonya cemented her legacy as one of the greatest female wrestlers in Canadian history,” said Robert Hilson, Brock University Director of Athletics. “She provided the Brock University and Niagara community with a day they will remember for the rest of their lives.”Hundreds gathered at Isaac’s Bar and Grill on campus to watch Verbeek as she took on Japan’s Saori Yoshida, a three-time Olympic gold medalist and nine-time world champion, in the 55-kilogram category. Decked out in red Brock t-shirts and waving banners proclaiming their support, staff and students had their eyes fixed to TVs as Verbeek, 35, clinched her spot on the podium.She finished the 2012 Games with a 3-1 record, posting victories over India’s Geeta Geeta, Tetyana Lazareva of Ukraine and Colombian Jackeline Renteria Castillo.Verbeek wrestled her way to silver in Athens in 2004 and won bronze in Beijing in 2008. She also has three world medals. read more