U.S. Factory Activity Gained Momentum in December
By Josh Mitchell | Updated Jan. 3, 2018 12:01 p.m. ET
The U.S. factory sector posted one of its best months of the economic expansion in December as sales hit a 14-year high, the latest sign economic growth is picking up.
A key manufacturing index rose 1.5 percentage points from a month earlier to a reading of 59.7 in December, the second-highest level since early 2011, the Institute for Supply Management said Wednesday. A subindex of new orders—a measure of sales at factories—rose more than 5 points to 69.4, the highest since early 2004.
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