US factories posted fastest growth last month in 2 years
(AP) — American factories grew last month at the fastest pace in more than two years.
The Institute for Supply Management said Wednesday that its manufacturing index came in at 56.0 in January, up from 54.5 in December and highest since November 2014’s 57.6. Anything above 50 signals growth. Manufacturing has now grown for five straight months and for 10 of the last 11 months.
Factories said that new orders, production and hiring grew faster in January. Export orders grew last month but at a slower pace than they did in December.
Twelve of 18 manufacturing industries reported growth in January,
The Institute for Supply Management said Wednesday that its manufacturing index came in at 56.0 in January, up from 54.5 in December and highest since November 2014’s 57.6. Anything above 50 signals growth. Manufacturing has now grown for five straight months and for 10 of the last 11 months.
Factories said that new orders, production and hiring grew faster in January. Export orders grew last month but at a slower pace than they did in December.
Twelve of 18 manufacturing industries reported growth in January,
US factories posted fastest growth last month in 2 years All we do ...
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