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Factory Orders Rise as ISM Reports December Strength
The Institute for Supply Management says manufacturing activity grew solidly in December ending 2004 on a high note. New orders for big-ticket manufactured goods rose 14 percent in November reversing October’s 1 percent drop, with gains in autos, appliances, computers and primary metals. Nondurable goods orders rose 1 percent in November, led by food, chemicals and paper products.
MENTIONED IN THIS ARTICLE
Sion
Institute For Supply Management
Ken Mayland
ClearView Economics