The Institute for Supply Management said its index of manufacturing activity rose to 50.7 in December from 49.5 in the previous month. November's reading was the lowest reading since July 2009, one month after the recession ended.
January 02, 2013 at 12:00 AM
1 minute read
U.S. manufacturing grew slowly last month after shrinking in November and hiring increased. The modest gain suggests the economy entered the new year with some momentum.
The Institute for Supply Management said Wednesday that its index of manufacturing activity rose to 50.7 in December from 49.5 in the previous month. November’s reading was the lowest reading since July 2009, one month after the recession ended.
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