Big-city gains could be a harbinger for a stronger U.S. manufacturing economy
Nov 30, 2010 | 08:38 AM
| Corinna Petry
Purchasing managers in New York and Chicago said business conditions improved in November and project better times ahead, according to a pair of reports released Tuesday. The results could signal that the U.S. economy as a whole is speeding up heading into 2011.
New York City business activity expanded at the quickest rate in five months, according to a survey by the Institute for Supply Management-New York. The Current Business Conditions index rose to 65.6 in November from 64.7 in October, up 0.9 points, and the Six-Month Outlook index increased to 71.9 in November from 69.8 in October, a gain of 2.1 points.....
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