NEW YORK - An industry trade group said today manufacturing companies grew faster in August as the industrial sector continues to lead the recovery.
Rising exports overseas and demand from businesses for capital equipment and supplies have helped propel production in factories for a year.
The Institute for Supply Management says its manufacturing index rose to 56.3 in August from 55.5 in July. A reading above 50 indicates growth.
Construction spending tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular...
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