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U.S. factory activity expanded quickly in February, the latest sign the economy is gaining momentum.  Continue Reading Below The Institute for Supply Management said Wednesday its closely watched manufacturing index rose to 57.7 in February from a month...

U.S. Factory Activity Rose Briskly in February

U.S. factory activity expanded quickly in February, the latest sign the economy is gaining momentum.  Continue Reading Below The Institute for Supply Management said Wednesday its closely watched manufacturing index rose to 57.7 in February from a month...

U.S. Factory Activity Rose Briskly in February

U.S. factory activity expanded quickly in February, the latest sign the economy is gaining momentum. 

Continue Reading Below

The Institute for Supply Management said Wednesday its closely watched manufacturing index rose to 57.7 in February from a month earlier, when it reached a two-year high of 56. A reading above 50 indicates expansion in the manufacturing sector. 

Economists surveyed by The Wall Street Journal expected a February reading of 56. 

The report showed a measure of new orders at factories climbed nearly 5 points to 65.1. A measure of hiring cooled but remained at a level suggesting steady expansion. 

By Josh Mitchell

Our editors found this article on this site using Google and regenerated it for our readers.

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