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Posted: Friday, November 1st 2013 at 10:13am

US manufacturing expands at best pace in 2 1/2 years

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
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WASHINGTON (AP) -- U.S. factory activity expanded in October at the fastest pace in 2 1/2 years, suggesting businesses kept spending last month despite the partial government shutdown.

The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index rose in October to 56.4. That's up from 56.2 in September. A reading above 50 indicates growth.

It was the fifth straight gain for the index. A measure of new orders rose slightly, while a gauge of production fell but remained at a high level. Factories added jobs, though at a slower pace than the previous month.
Associated Categories: National News, Business News, Local/State News

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