American manufacturers growing at fastest pace in 14 years, ISM finds

The success story whose origins very few dare to name.

American manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a a survey of industry executives.

The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month from 58.1% in July. Economists surveyed by MarketWatch had forecast the index to total 57.9%.

Readings over 50% indicate more companies are expanding instead of shrinking.

In 14 years! A biggie.

via  MarketWatch

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