Two key measures of U.S. manufacturing activity rose more than expected in September. The Institute for Supply Management's factory index of 56.2 was up from 55.7 in August and the highest reading since April 2011. Meanwhile, the MNI Chicago Report clocked in at a solidly expansionary 55.7, up from 53 in August. "The outlook for U.S. manufacturing remains one of moderate but strengthening activity for the balance of this year and into 2014 and 2015," said MAPI senior economist Cliff Waldman.

Related Summaries