A measure of U.S. manufacturing expanded in September at the fastest pace in four months, bolstered by robust demand for factory goods and burgeoning inventory.
The Institute for Supply Management’s gauge of factory activity rose to 61.1 from August’s 59.9, according to data released Oct. 1. Readings above 50 indicate expansion. The median estimate in a Bloomberg survey of economists called for a slight decline to 59.5.
