[Source: Transport Topics] U.S. manufacturing expanded in August at the fastest pace since late 2018, powered by growth in new orders that are a bright spot in an otherwise struggling economy.
A gauge of factory activity increased to 56 during the month from 54.2 in July, Institute for Supply Management data showed Sept. 1. Readings above 50 indicate expansion, and the figure surpassed nearly every estimate in a Bloomberg survey of economists and the median projection of 54.8.
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