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Tags: Economy | Manufacturing | Institute for Supply Management | Factories

Manufacturing Grows at Fastest Pace in 3½ Years

Tuesday, 02 September 2014 10:13 AM

U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose.

The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index rose to 59 from 57.1 in July. Anything above 50 signals that manufacturing is growing.

A gauge of production rose to the highest level in four years, and a measure of new orders jumped to its highest in 10 years. That suggests that the sector should continue to grow in the coming months.

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Finance
U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose. The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index rose to 59 from 57.1 in July....
Economy, Manufacturing, Institute for Supply Management, Factories
92
2014-13-02
Tuesday, 02 September 2014 10:13 AM
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