Sector Snap- Manufacturing rises after ISM report_2112

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Production jumped to its highest level in more than two years as manufacturers worked to restock customers' bare shelves, the Institute for Supply Management,You are not allowed to view links. Register or Login, a trade group of purchasing executives, said Monday.
Of particular concern are the "unusually depressed" indices for employment and inventories.
While Capital Economics analyst Paul Ashworth largely agreed, saying the figures constitute more evidence that the recession ended around the middle of this year, he wondered about what will happen after the third quarter.
In midday trading, shares of Alcoa Inc. rose 72 cents, or 6.1 percent,You are not allowed to view links. Register or Login, to $12.48,You are not allowed to view links. Register or Login, NCI Building Systems Inc. climbed 34 cents, or 8.6 percent, to $4.28 and Parker-Hannifin Corp. gained $2.12,You are not allowed to view links. Register or Login, or 4.8 percent, to $46.39.
The Tempe, Ariz.-based group's manufacturing index read 48.9, up from 44.8 in June. That's better than the 46.2 reading analysts surveyed by Thomson Reuters expected, on average.
"There are still big question marks surrounding how strong the recovery will be and whether it can be sustained after the initial boost from pent-up demand fades?" he said.
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Sector Snap: Manufacturing rises after ISM report
  |    |     |  Sector Snap: Manufacturing rises after ISM report');" Rate                                                                                                          
Shares of domestic manufacturing companies rose Monday after a private-sector report that the sector declined last month at the slowest pace since August.
Dan Meckstroth, chief economist for Manufacturers Alliance/MAPI, said the figures add "to a growing number of indicators that signal that manufacturing and the general economy is bottoming out and a recovery is coming this summer."