U.S. manufacturing surges in December, ISM shows

• January 3, 2018
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

The Institute for Supply Management said Wednesday its manufacturing index rose to 59.7%, the second highest reading of the year, from 58.2% in November. Readings over 50% indicate more companies are expanding instead of shrinking. The uptick in the index was better than Wall Street expected. Economists surveyed had forecast the index would slip to 58%.