Manufacturing shows growth in August
U.S. manufacturing expanded for the 13th consecutive month in August, the Institute of Supply Management said. Although new factory orders slowed, the trade group's Purchasing Manager's index rose from 55.5 to 56.3, a report released this month showed. Numbers above 50 indicate growth. As such, new orders expanded, but the index for new orders, at 53.1, showed a slower expansion than a month ago when that index read 53.5.
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