US factories continue growth

Posted by IronPlanet on Jan 31, 2012 11:08:00 PM

This past January, factories in the United States showed the most growth in seven months, according to The Associated Press. Additionally, builders continued to find more work for the fifth straight month. This news further exemplifies the fact that the U.S. economy has begun 2012 on a relatively strong note.

"This is a very encouraging report on manufacturing activity that shows particular strength in leading indicators," John Ryding, an economist at RDQ Economics, told the news source.

Builders have also noticed that Americans seem more confident in spending money on a home than they have in the past - in total, about $800 billion was spent on construction over the past several months - the highest amount in the past 20 months.

Those hoping to capitalize what appears to be increased economic confidence may want to ensure they have the construction equipment needed to get jobs done quickly. Searching on IronPlanet may yield excellent results - with a marketplace filled with used construction equipment, finding a specific item is easy.

Topics: Construction, Industry Headlines