US manufacturing expands at solid pace in December
Source: AP/via Salon
WASHINGTON (AP) — U.S. manufacturing grew at a healthy pace in December as factories stepped up hiring and received more orders. The expansion suggests solid growth at the end of the year.
The Institute for Supply Management, a trade group of purchasing managers, says its index of manufacturing activity slipped to 57 from 57.3 in November. But that’s still the second-highest reading in the past 2 ½ years. And any reading above 50 signals growth.
A measure of new orders rose to the highest level since April 2010. And a gauge of hiring increased to its highest level since June 2011. Production and a measure of manufacturers’ stockpiles fell.
###
Read more: http://www.salon.com/2014/01/02/us_manufacturing_expands_at_solid_pace_in_december/
= new reply since forum marked as read
