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Manufacturing in U.S. Expanded More Than Projected in November
Manufacturing in the U.S. expanded in November at a faster pace than projected, signaling the world’s largest economy is rising above a global slowdown. The Institute for Supply Management’s factory index was little changed at 58.7 last month, the second-strongest level since April 2011, compared with 59 in October, the Tempe, Arizona-based group’s reported today. It exceeded the median forecast of 80 economists surveyed by Bloomberg and readings greater than 50 indicate growth. Orders over the past four months have been the strongest in a decade as growing demand from American consumers makes up for any ... (full story)
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