Manufacturing posts best showing since 2006

That coincided with other data on Monday showing world factory activity expanded last month at its greatest clip in nearly four years.

But headwinds for the U.S. economy remain, as a separate report showed construction spending fell in November to a more than six-year low, depressed by a decline in homebuilding.

The focus, though, was on the Institute for Supply Management's national factory index, which rose to 55.9 in December from 53.6 in November.

That was the highest reading since April 2006, when the index stood at 56.0. A result below 50 indicates contraction, and a number above 50 means expansion.

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- Posted: 2010-01-04 11:18:32

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