Monthly Archives: August 2013

Manufacturing in U.S. expands at fastest pace in two years

MANUFACTURING EXPANDED in the U.S. at the fastest pace since June 2011. BLOOMBERG FILE PHOTO/JAY PAUL

By Victoria Stilwell Bloomberg News, Posted 8/1/13
WASHINGTON — Manufacturing in the U.S. expanded at the fastest pace in more than two years as orders and production jumped, indicating more factories were growing optimistic about the second half of the year.

The Institute for Supply Management’s factory index increased to 55.4, the strongest since June 2011 and exceeding the highest projection in a Bloomberg survey of economists, after 50.9 in the prior month, the Tempe, Ariz.-based group’s report showed today.

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