Survey: US manufacturing expands modestly last month as employment, exports rise | iNFOnews

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Survey: US manufacturing expands modestly last month as employment, exports rise

In this Nov. 16, 2012 photo, an employee works on assembly line at Generac Power Systems, Inc., in Whitewater, Wis. After U.S. manufacturing shrunk in November, it grew slowly in December and hiring increased, a sign of modest economic momentum heading into the new year. (AP Photo/Nam Y. Huh)
January 02, 2013 - 7:18 AM

WASHINGTON - U.S. manufacturing grew slowly last month after shrinking in November and hiring increased, a sign of modest economic momentum heading into the new year.

The Institute for Supply Management says its index of manufacturing activity rose to 50.7 in December from 49.5 in the previous month.

November's reading was the lowest reading since July 2009, one month after the recession ended.

A reading above 50 signals expansion.

A measure of employment rose to the highest level in three months, suggesting that factories are adding jobs.

News from © The Associated Press, 2013
The Associated Press

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