U.S. factory activity accelerates in December
Xinhua,January 05, 2018 Adjust font size:
WASHINGTON, Jan. 3 (Xinhua) -- U.S. factory activity rose more than expected in last December, the latest sign of strong U.S. economic momentum, the data released by The Institute for Supply Management (ISM) revealed on Wednesday.
"Economic activity in the manufacturing sector expanded in December, and the overall economy grew for the 103rd consecutive month," said ISM.
The survey-based index of national factory activity rose to a reading of 59.7 in December, beating market expectations, and represented the second-highest reading in six years.
The latest data brings the average reading in 2017 to 57.6, the highest level in 13 years. Enditem