Summary Box: Manufacturing expands at faster pace

AP News
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Posted: Nov 01, 2010 6:06 PM
Summary Box: Manufacturing expands at faster pace

MANUFACTURING GROWS: Manufacturing activity expanded last month at the fastest pace since May, driven by demand in the United States and abroad. It was the 15th straight month of growth and included a sharp pickup in new orders and production.

FACTORY REBOUND: The report from the Institute for Supply Management lessened concerns that the summer slowdown in factory production would continue and weigh down an already sluggish economy.

SOME HIRING, MAYBE: The ISM's index of manufacturing employment also rose, indicating the sector may have added jobs in October.