Manufacturing in U.S. expands at fastest pace in three years

AUGUST SHOWED THE STRONGEST growth in manufacturing since March 2011, as durable goods orders promised to continue driving the U.S. economy forward, according to the Institute for Supply Management. / BLOOMBERG NEWS FILE PHOTO/MIKE KANE
AUGUST SHOWED THE STRONGEST growth in manufacturing since March 2011, as durable goods orders promised to continue driving the U.S. economy forward, according to the Institute for Supply Management. / BLOOMBERG NEWS FILE PHOTO/MIKE KANE
WASHINGTON - Manufacturing expanded in August at the fastest pace in three years as orders grew by the most in a decade, showing U.S. factories will help power the economy into the third quarter. The Institute for Supply Management’s index unexpectedly climbed to 59, the highest level since March 2011, from July’s 57.1, the Tempe,…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -