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Manufacturing in U.S. Expands at Fastest Pace in 13 Years



American manufacturing expanded last month at the fastest pace in 13 years, in part because of effects from two major hurricanes, figures from the Institute for Supply Management showed Monday.

HIGHLIGHTS OF ISM MANUFACTURING (SEPTEMBER)
  • Factory index climbed to 60.8 (est. 58.1), the highest since May 2004, from 58.8; readings above 50 indicate expansion
  • Measure of new orders increased to 64.6, the strongest since February, from 60.3
  • Employment gauge rose to 60.3, the best reading in more than six years, from 59.9
  • Index of prices paid advanced to 71.5, the highest since May 2011, from 62

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