U.S. manufacturing shows growth
WASHINGTON, DC -
The reading of 50.2 from the Institute for Supply Management was
up from 49.6 in May. It beat economists' prediction of a reading of
48.7, according to the consensus estimate of Wall Street economists
surveyed by Thomson Financial/IFR. A reading above 50 signals
growth.
For the previous four months, the index had hovered near its
lowest level in five years.
