Manufacturing reaches highest levels in 14 years
U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Wednesday.
- Factory index climbed to 59.7 (est. 58.2) from 58.2 a month earlier; readings above 50 indicate expansion
- Gauge of new orders advanced to 69.4, the highest in nearly 14 years, from 64
- Measure of production increased to 65.8, the strongest since May 2010, from 63.9