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Manufacturing in U.S. Expands at Best Pace in Five Months

  • ISM factory gauge rises more than forecast in November
  • Growth reported in 11 of 18 manufacturing industries
Updated on

Manufacturing expanded in November at the fastest pace in five months, indicating American producers are finding more relief in resilient domestic demand.

The Institute for Supply Management’s index increased to 53.2 from 51.9 a month earlier, the Tempe, Arizona-based group’s report showed Thursday. Readings above 50 indicate growth. The median forecast in a Bloomberg survey of economists was 52.5.