Manufacturing Continues To Expand in April
Washington, DC, May 1, 2014 -- U.S. manufacturing expanded in April at the fastest pace since the end of last year, according to the Institute for Supply Management.
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ISM said its manufacturing index rose to 54.9% last month from 53.7% in March, marking the highest level since December.
Readings above 50 indicate expansion.
ISM's new-orders index was flat at 55.1%, while production fell to 55.7% from 55.9%.