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WASHINGTON — The nation’s economy is managing to grow modestly, reports Monday showed, despite high U.S. unemployment and growing alarm about Europe’s debt crisis.
Manufacturing expanded in September more than in August, though the pace of growth remains weak, according to a survey by the Institute for Supply Management. The ISM said its manufacturing index rose for the first time in three months.
Construction spending increased in August. The gain was mostly from an increase in state and local government projects.
In addition, U.S. auto sales rose in September.
Collectively, the reports suggested that the U.S. economy might be able to avoid another recession but will continue to struggle. The Associated Press
