Descending pessimism in the U.S. manufacturing industry, increasing savings

In April, the U.S. household savings willingness increased, in May, the value of ISM Institute's purchasing managers index of manufacturing increased from 40.1 points to 42.8 points.

The ISM index has not been this high in eight months. Analysts expected slightly lower value of about 41 points – informs Portfolio.hu, which has also reported that in April, the savings rate increased from 4.2 percent to 5.7 percent to its 14 year peak in the United States. Thanks to the economic stimulant package of the Obama cabinet, more money was available to the general public, who rather preferred to save their extra income due to the high degree of uncertainty. If the trend of saving willingness will continue, it is conceivable that the savings rate will be risen above 6 percent.