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Post by bot on Sept 3, 2013 23:07:30 GMT -5
August ISM manufacturing index rises to 55.7% WASHINGTON (MarketWatch) - U.S. manufacturers expanded at the fastest pace in August more than two years, according to the closely followed ISM index. The Institute for Supply Management index rose to 55.7% from 55.4% in July. That's the highest reading since June 2011. Economists surveyed by MarketWatch had expected the index to dip slightly to 54.1%. Reading over 50 indicate more manufacturers are expanding instead of contracting. The ISM's new-orders gauge surged to 63.2% from 58.3%, but the production index fell to 62.4% from 65% and the employment gauge slipped 1.1 percentage points to 53.3%. daily weblog archives www.usdemocrats.com/weblogcompendium usdemocrats.proboards.comtwitter www.twitter.com/usdemocratsgeo information portal www.1t23.com
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