Home
 
Choose Your City
Change City

Domestic economy produces

U.S. manufacturing grew at its fastest pace in seven months in December, extending a recent run of encouraging economic data and suggesting that expansion of the world’s biggest economy will accelerate in 2011.

U.S. manufacturing grew at its fastest pace in seven months in December, extending a recent run of encouraging economic data and suggesting that expansion of the world’s biggest economy will accelerate in 2011.

The Institute for Supply Management’s national factory activity index rose to 57 from 56.6 in November, marking the 17th consecutive month of growth in the manufacturing industry, with a rise in new orders providing momentum for further growth.

A separate report yesterday showed construction spending hit a five-month high in November, more evidence that the U.S. economy picked up steam in the final quarter of last year.

 
 
Consider AlsoFurther Articles