U.S. Manufacturing and Construction Sectors Extend Gains

by

Via Reuters

The Institute for Supply Management’s index of national factory activity, a key gauge of U.S. manufacturing, hit its highest point in November since April 2011, with a reading at 57.3, up from 56.4 in October. Meanwhile, the Commerce Department reported a 0.8% rise in construction spending in October, hitting the highest annual rate since May 2009. Both figures reinforced recent data pointing to continued U.S. recovery.

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