Economics
Factories Sustain Gains as U.S. Growth Picks Up: Economy
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American factories, propelled by the strongest orders of the year, sustained gains in June and are poised to be part of the rebound in economic growth.
The Institute for Supply Management’s manufacturing index was 55.3 last month, little changed from a five-month high of 55.4 in May, the Tempe, Arizona-based group’s report showed today. Readings greater than 50 indicate expansion.