Manufacturing grows at fastest pace in 3 years

The Associated Press reports today:

The Institute for Supply Management, a trade group of purchasing executives, said its manufacturing index read 55.9 in December after 53.9 in November. A reading above 50 indicates growth.

That is the fifth straight month of expansion and the highest reading for the index since April 2006.

The ISM report said new orders, a future of future production, jumped last month to 65.5 from 60.3 in November.  Indexes measuring production and employment also rose.

A very positive trend indeed for the start of the new year.

Dave Gardner, Gardner & Associates Consulting


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