Economics
U.S. Economy: Manufacturing Expands at Faster Pace
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Manufacturing in the U.S. expanded at a faster pace than forecast in August as factories added workers and cranked up production.
The Institute for Supply Management’s factory index rose to a three-month high of 56.3 from 55.5 in July, the Tempe, Arizona-based group said today. Readings greater than 50 signal growth, and the figure was projected to drop to 52.8, according to the median forecast in a Bloomberg News survey.