Manufacturing Activity, Hiring Pace Picks Up

News

Manufacturing Activity, Hiring Pace Picks Up

The Associated Press – U.S. manufacturing grew last month at the fast pace in nearly a year. New orders, production and a measure of employment all rose.

The Institute for Supply Management, a trade group of purchasing managers, says its index of manufacturing activity increased to 54.8 in April. That’s the highest level since June and up from 53.4 the previous month. Readings above 50 indicate expansion.

The positive report helped the stock market turn positive.

Read the whole article ยป