Daily Economic Indicator: Manufacturing keeps expanding

09/2/2011 | Bloomberg · TheStreet.com

The manufacturing sector in the U.S. surprised experts in August by expanding, but the rate of growth eased compared with earlier in the year. The factory index compiled by the Institute for Supply Management declined slightly from 50.9 in July to 50.6 in August, on a scale in which a reading above 50 indicates growth. The median forecast of economists surveyed by Bloomberg News anticipated an index reading of 48.5, a clear sign of contraction.

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Bloomberg · TheStreet.com

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