Manufacturing grows at fastest pace in 2 years

WASHINGTON • U.S. factory activity expanded in July at the fastest pace in two years, fueled by surges in new orders, production and hiring The gains show manufacturing is rebounding and should provide a spark to growth in the coming months. The Institute for Supply Management said Thursday that its index of factory activity jumped to 55.4 in July, up from 50.9 in June. A reading above 50 indicates growth. A measure of employment rose to its best level in a year, an encouraging sign ahead of Fri...

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