Institute for Supply Management (ISM) announced that in December U.S. manufacturing output has more products, get more orders, manufacturing growth rate hit a new high since last May.
ISM pointed out that December's manufacturing index rose 57 points the chain, more than 11 months of 56.6 points. A reading above 50 points indicates that manufacturing growth in the state. According to Thomson Reuters survey of economists, the average index for December is expected to 57.2 points.