US Manufacturing Growth Speeds Up In November

The pace of growth in the US manufacturing sector in November reached its strongest rate since June, a survey has indicated.

The Institute for Supply Management said its index of factory output rose to 52.7 from 50.8 the month before.

The ISM's index of new orders also rose from 52.4 to 56.7, its highest level since April. But the employment gauge fell to 51.8 from 53.5.

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