Manufacturing Picked Up in December

The Institute for Supply Management’s manufacturing index climbed to 50.7 from a three-year low of 49.5 in November, the Tempe, Arizona-based group reported today. Fifty is the dividing line between expansion and contraction. Other data showed fewer outlays for non-residential projects pushed down construction spending in November for the first time in eight months.

http://www.bloomberg.com/news/2013-01-02/ism-index-of-u-s-manufacturing-increased-to-50-7-in-december.html