ISM Index Shows Manufacturing Is Expanding

Washington, DC, Sept. 1, 2009--Conditions for the nation's manufacturers expanded for the first time in 19 months in August, the Institute for Supply Management reported Tuesday.

The ISM index rose to 52.9% in August from 48.9% in July. This is the first time the index has been above the breakeven point since January 2008.

The consensus forecast of estimates was for the index to rise to 50.5%. Readings above 50 indicate expansion.