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U.S. Manufacturing Expands at Faster Pace as ISM Index Increases to 53.9
The Institute for Supply Management’s factory index (NAPMPMI) rose to 53.9 in December from 52.7 a month earlier, the Tempe, Arizona-based group’s data showed today. Fifty is the dividing line between growth and contraction, and economists surveyed by Bloomberg News projected the gauge would climb to 53.5. Estimates of the 74 economists ranged from 50 to 56. A factory purchasing managers’ index for India released today by HSBC Holdings Plc and Markit Economics rose in December to the highest level in six months. In China, manufacturing rebounded last month from a contraction, while Australian factory production ... (full story)
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