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ISM: Manufacturing index rises in November

December 02 2013

The Institute for Supply Management’s purchasing managers index for U.S. manufacturing rose to a level of 57.3 in November from a reading of 56.4 in October. MarketWatch reports the reading is the highest since April 2011. However, all readings above 50 indicate an increase in economic activity.

The employment portion of the index rose to a reading of 56.5 in November — the highest reading since April 2012 — from October’s reading of 53.2, indicating a faster rate of employment growth.

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