U.S. manufacturing activity rose in September, showing continued expansion for the 26th consecutive month, the Institute for Supply Management said Monday.
ISM’s monthly factory index increased to a reading of 51.6, from a 50.6 reading in August, the group said. Figures over 50 indicate expansion.
The reading was higher than economists’ projections of a drop to 50.5, Bloomberg reported.
Twelve of 18 manufacturing sectors showed expansion for the month, ISM said.
ISM’s factory index measures manufacturing components of the economy.
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