US Factory Activity Expands At Fastest Pace in 3 Years

US manufacturing sector expanded at the fastest pace in 39 months in July boosted by an increase in new orders and employment readings, The Institute for Supply Management data showed.
Markit | anna@tradingeconomics.com 8/1/2014 3:19:08 PM
The index of national factory activity rose to 57.1 in July, the highest since April 2011, from 55.3 in June. 

The employment component jumped to 58.2 in July from 52.8 the previous month, hitting its highest since June 2011 and handily beating the expected 53 mark. New orders rose to 63.4 from 58.9. 

US Factory Activity Expands At Fastest Pace in 3 Years