Top

Manufacturing in US Expands at Fastest Pace in 13 Years

Robust order growth and healthy production pushed the Institute for Supply Management index to record levels.

Powered by robust order growth and healthy production, American manufacturing expanded last month at the fastest pace in 13 years, figures from the Institute for Supply Management showed on Oct. 2.

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.

Read More on Industry Week