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Economy

Roland99

(53,345 posts)

29. ISM manufacturing index hits more than 2-year high

Reply to Tansy_Gold (Original post)

Mon Dec 2, 2013, 10:52 AM

Dec 2013

http://www.marketwatch.com/story/ism-manufacturing-index-hits-more-than-2-year-high-2013-12-02?dist=lcountdown

Manufacturing conditions improved in November to their best level in more than two years, according to a closely followed survey released Monday.

The Institute for Supply Management’s manufacturing index climbed to 57.3% from 56.4% in October, reaching the highest level since April 2011.

The reading topped the 55% expected in a MarketWatch-compiled economist poll. Readings in the so-called diffusion index above 50% indicate expansion.

...

The subcomponents of the ISM report were strong, as new-orders index increased in November by 3 percentage points to 63.6%, and the production index increased by 2 percentage points to 62.8%.

Everything's fixed now. We can all go home.

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