Manufacturing Growth Accelerates; Construction Picks Up, Dow up 250 [View all]

[jpak]

http://www.cnbc.com/id/45856605/

The pace of growth in the U.S. manufacturing sector accelerated in December, its best month since June, according to a report released on Tuesday. A separate report showed that construction spending rose in November.

The Institute for Supply Management said its index of national factory activity rose to 53.9 from 52.7 the month before. The reading topped expectations of 53.2, according to a Reuters poll of economists.

A reading above 50 indicates expansion.

New orders, which economists consider a leading indicator of future activity in the sector, rose to 57.6 from 56.7. The employment component also jumped to 55.1 from 51.8.


Dow up sharply

http://www.cnbc.com/id/45856155

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