By msnbc.com news wires
The pace of growth in the U.S. manufacturing sector picked up in January to its highest level since June as new orders improved, according to an industry report released on Wednesday.
The Institute for Supply Management (ISM) said its index of national factory activity rose to 54.1 from a revised 53.1 the month before, falling shy of expectations for 54.5.
A reading above 50 indicates expansion in the manufacturing sector.
Consumers are buying more cars and trucks, while businesses ordered more machinery and other equipment. That has driven factory output.
The sector has expanded for 29 straight months, according to the index.
A measure of hiring dipped, indicating factories are still adding jobs but at a slower pace than in December. Export orders also rose, a sign that U.S. manufacturers haven't yet been affected by Europe's slowing economy.
Reuters and The Associated Press contributed to this report.
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