| |
WASHINGTON: The US manufacturing sector expanded for the 13th straight month in August, beating most analysts' expectations.
The Institute of Supply Management said its manufacturing index rose to 56.3 points, from 55.5 percent in July, a much larger jump than the 52.9 percent predicted by economists.
A reading above 50 percent indicates an expanding manufacturing sector.
"August represents the 13th consecutive month of growth in US manufacturing," the ISM's Norbert Ore said in a statement.
- AFP/de
|
