UNDATED (WSAU) Factories were busier last month – and at least some Wisconsin investment analysts do not believe the economy will fall into another recession. The Institute for Supply Management said its national manufacturing index grew by just under a point in August to 56.3. Anything above 50 indicates growth. Milwaukee’s index was at 59.
That was down seven points from July, but still three points higher than August of last year.
Green Bay investment analyst Adam Longlais says businesses are counting on a slow and gradual recovery. Ken Brusda, the head of an asset management firm in Menasha, says we can expect continued moderate growth. But Milwaukee business research consultant Nick Hayes says firms are still reluctant to spend money – and jobs will still be harder to find, because the economy has re-set itself at a lower level.
