Excerpt from Hartford Business online:
U.S. factory output grew for the 16th straight month in November, though at a marginally slower pace than the previous month, The Associated Press reports.
The Institute for Supply Management says its index of manufacturing activity dropped to 56.6 in November, down from 56.9 in October. Any reading over 50 indicates growth.
Manufacturing has been one of the strongest sectors of the economy since the recession ended. After slowing over the summer, factories have picked up in recent months as consumer demand for autos, computers and other goods has rebounded. Read the full story here.
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