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Manufacturing growth speeds up for first time in 6 months

from The New York Times

Manufacturing growth in the United States accelerated in May for the first time in six months, propelled by more new orders and an increase in hiring. The Institute for Supply Management, a trade group of purchasing managers, said that its manufacturing index rose to 52.8 in May from 51.5 in April. That is the highest reading since February. A reading above 50 signals expansion. more


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