US markets rise as report shows growth in manufacturing

A trader watches the Dow Jones break the 10,000 mark

‘Unquestionably positive’ report shows America’s manufacturing index rose to 51.5 last month

LAST UPDATED AT 12:00 ON Tue 2 Oct 2012

US manufacturing ticked upwards last month, offering a rare example of expansion in a global picture of slowing economies. The FT reports the US manufacturing index rose to 51.5, the first gain since May, says The Guardian. The results were better than economists had expected, with most predicting another month of contraction. Dan Greenhaus, chief global strategist at BTIG, said the report was "unquestionably positive". US stock markets rose on the news. · 

For further concise, balanced comment and analysis on the week's news, try The Week magazine. Subscribe today and get 6 issues completely free.

Read more about