While you were sleeping US manufacturing advances

Mon, 01 Oct 2012

By Margreet Dietz Oct 2 (BusinessDesk) - Equities received a lift from unexpected growth in US manufacturing, underpinning hopes that the slowdown in the world's largest economy might be a little less than feared. A report today showed that the Institute for Supply Management’s US factory index increased to 51.5 in September from 49.6 a month earlier. The expansion was a surprise to most economists. "Numerically that is a pretty small amount," Peter Jankovskis, co-chief investment officer at Oakbrook Investments in Lisle, Illinois, told Reut...

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