While you were sleeping US manufacturing brightens

Mon, 01 Jul 2013

By Margreet Dietz July 2 (BusinessDesk) - Manufacturing data from the US was better than expected, as were those from Europe, but China's data offered another sign that growth in the world's second-largest economy is dimming. In the US, the Institute for Supply Management's index of national factory activity gained to 50.9 in June from 49 in May. A reading above 50 signals expansion. In late afternoon trading in New York, the Dow Jones Industrial Average advanced 0.65 percent, the Standard & Poor's 500 Index increased 0.70 percent and the Na...

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