Manufacturing gains as backlogs rise

Jan 02, 2013 | 01:54 PM | Corinna Petry

Tags  Purchasing Managers Index, metal products, Institute for Supply Management, manufacturing economy expands

CHICAGO — Manufacturing activity expanded in December, rebounding from a dip the previous month, as prices, order backlogs and employment rose, according to the latest survey by the Institute for Supply Management.

The December purchasing managers’ index (PMI) rose to 50.7—indicating an overall expansion of the U.S. manufacturing economy—from 49.5 in November, the lowest level since July 2009.....

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