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Manufacturing Activity Rises for Second Month in a Row

Associated Press (02/01/13)

An increase in new orders and more hiring at factories drove manufacturing activity in the U.S. last month, according to the Institute for Supply Management. The ISM’s index of manufacturing activity rose to 53.1 in January from 50.2 in December. The January reading is the highest since April, when the index reached 54.1. Any reading above 50 points to expansion.