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Transcript by Newsy: http://www.youtube.com/user/NewsyBusiness?feature=guide (Image Source: Wikimedia Commons) BY VICTORIA CRAIG American manufacturing is up for the 33rd month in a row. That's according to the Institute of Supply Management's April survey...and analysts say it's big news for the future of the U.S. economy. CNBC has the story, and how it's affecting markets. "Pace of U.S. manufacturing is accelerating and it's put a fire under the market. As you can see, within the last thirty minutes, Karl, you're saying we're very close to a year high on the markets. 13,297 is the bull market high on the dow, which is obviously one point away." The ISM monthly index rose to 54.8 percent, up more than one percent from last month's numbers. CNNMoney explains why that's good news for investors. "The news was seen as a welcome surprise, given economists were expecting the index to fall to 53. Manufacturers reported that as new orders for their goods rose in April, factories ramped up production at a faster pace. They also hired more workers, a welcome sign ahead of the government's jobs report on Friday." FXStreet.com outlines the numbers of each manufacturing sector... most of which are on the rise. "...16 out of 18 manufacturing sectors reporting expansion, one remaining stable, and only one reporting contraction. The only sector reporting contraction was wood products." The numbers aren't just good for U.S. economic factors...Bloomberg explains the effect those figures have on the global market. "I think this is a harbinger of what the economy globally is going to look like for the year to come...And we will be the standout likely to be dented the least by that recession in Europe." And from global impact — to political impact. A contributor for Fox Business breaks down what these numbers mean for the 2012 election. "But it's what the voters at home feel. And I don't know how many voters, if you look at actual polling of right track, wrong track, and is this country going in the right direction, overwhelming majority say it's not." The ISM numbers won't be the last round of government economic data released this week. The April U.S. jobs report is due out on Friday.