Tuesday, January 3, 2012

U.S. Manufacturing Expands at a Faster Pace as ISM Index Increases to 53.9

Manufacturing in the U.S. grew in December at the fastest pace in six months, remaining at the forefront of the expansion entering 2012.

The Institute for Supply Management’s factory index climbed to 53.9 last month from 52.7 in November, the Tempe, Arizona- based group’s data showed today. Fifty is the dividing line between growth and contraction, and economists surveyed by Bloomberg News forecast the gauge would rise to 53.5.

http://www.bloomberg.com/news/2012-01-03/u-s-manufacturing-expands-at-faster-pace-as-ism-index-increases-to-53-9.html

Posted via email from htlkirkland's posterous

No comments: