Report Reveals Growth in U.S. Manufacturing Sector Dec 2, 2003

Printable format  Email this Article  Search

A report showing better-than-expected growth in the U.S. manufacturing sector helped lift enthusiasm about an economic rebound.

The Institute of Supply Management has reported that its November index of manufacturing activity rose to 62.8 from 57 in October, its highest level since December 1983. The reading confirmed the steady improvement in manufacturing seen in other industrial measures such as durable goods orders.

"The market is being supported on this news," said John Person, head financial analyst at Infinity Brokerage Services. "This is just more evidence that the U.S. economy is sustaining its growth." (Reuters/Doris Frankel)

Back to Daily News