Wednesday, February 01, 2012
Manufacturing grew in January at its fastest pace in seven months, signaling a strong start for the U.S. economy in 2012.
The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index rose last month to 54.1 from 53.1 in December. Readings above 50 indicate expansion.
Consumers are buying more cars and trucks, while businesses ordered more machinery and other equipment. That has driven manufacturing, which expanded for the 29th straight month.
Read more at KATU.
Read more about Oregon's manufacturing sector.