Monday, March 5, 2012

Manufacturing lifts recovery with growth

WASHINGTON - It's a rare bright spot in an otherwise troubledeconomy: The nation's manufacturing sector has now grown for a solidyear, and more of its companies say they're ready to hire.

Chip maker Texas Instruments says its business has recovered topre-recession levels. Intel, which makes semiconductors, posted itsbest quarterly profit in a decade. And chemical giant DuPont saysits sales volume is up and recently raised its prices.

The Institute for Supply Management said Monday its manufacturingindex slipped in July, to 55.5 from 56.2 in June. But it was the12th straight month of readings above 50, which indicates expansion.At the depths of the recession, the …

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