U.S. manufacturing posted growth in March

04/2/2012 | Bloomberg

The Institute for Supply Management's factory index increased to 53.4 in March from 52.4 in February, a sign of manufacturing growth that will help bolster the economy, economists say. "We are seeing a broadening in the improvement across the economy," said Millan Mulraine with TD Securities. "I'm encouraged by the backlog of orders which remains quite supportive of stronger momentum."

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