U.S. manufacturing grows for first time in 4 months
WASHINGTON (AP) — U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The increase is a hopeful sign that the economy may be improving after a weak stretch.
The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of factory activity rose to 51.5. That's up from 49.6 in August.
A reading above 50 signals growth and below indicates contraction. The index had been below that threshold from June through August.
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