Daily Economic Indicator: Manufacturing growth surprises

01/3/2012 | InvestmentNews (free registration)

Manufacturing in the U.S. expanded more quickly last month than it has in six months, according to the Institute for Supply Management's factory index. "It's good to know that purchasing managers are feeling a bit better about the economic backdrop," said Tom Porcelli, chief U.S. economist at RBC Capital Markets. "Manufacturing in the early part of the year will keep expanding. Global economic activity is showing signs of life."

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