From DAILYFINANCE.COM:
Positive signs from the nation’s factory sector continued to emerge in April as the Institute for Supply Management’s manufacturing index rose to 60.4 — its highest level since June 2004, the ISM announced Monday. It was the ninth consecutive, monthly rise for the index.
Economists surveyed by Bloomberg News had expected the index to rise to 61 in April from 59.6 in March. The index was at 56.5 in February. Readings above 50 indicate an expansion; under 50, a contraction.
Another bright spot in April: The index’s new orders component, a measure of future demand, surged to 65.7 in April from 61.5 in March…
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