The index of business activity in the manufacturing sector of the U.S. economy showed strong growth in December, continuing for the past five consecutive months.
According to the Institute of Management, Corporate Supply, manufacturing index rose in December to 55,9% compared with 53,6% in the previous month. Rate was at a record high for the past four years.
Economists had expected less rapid increase in the index to 54.2%.
The index of new orders increased from 60,3% to 65,5%. Index of employment rose in the reporting period from 50,8% to 52%.
According to the Institute of Management, Corporate Supply, manufacturing index rose in December to 55,9% compared with 53,6% in the previous month. Rate was at a record high for the past four years.
Economists had expected less rapid increase in the index to 54.2%.
The index of new orders increased from 60,3% to 65,5%. Index of employment rose in the reporting period from 50,8% to 52%.
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