Manufacturing growth speeds up: ISM
May 02, 2012 | 02:45 PM
NEW YORK U.S. manufacturing growth sped up in April, recording its 33rd consecutive monthly increase, according to the Institute for Supply Management (ISM).
"New orders, production and employment indexes all increased, indicating growth at faster rates than in March," said Bradley J. Holcomb, chairman of the organizations manufacturing business survey committee.
The ISMs purchasing managers index (PMI) rose to 54.8 percent in April from 53.4 percent in March; a reading above 50 percent indicates that the U.S. manufacturing economy generally is expanding.....
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