Manufacturing index ends 2013 with solid performance

01/8/2014 | IndustryWeek

The Institute for Supply Management's monthly purchasing managers index registered 57% in December -- just 0.3% below the previous month. That was the seventh consecutive month of expansion in the manufacturing sector and a strong note on which to end the year. "Industrial activity is being driven by the ramping-up of the housing supply chain and strong motor vehicle production as consumers meet pent-up demand for shelter and transportation," said to Daniel J. Meckstroth, MAPI chief economist.

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