Nation's purchasing managers say business conditions much stronger than expected in November.
December 1, 2003: 10:02 AM EST
NEW YORK (CNN/Money) - U.S. manufacturing accelerated in November, the nation's purchasing managers said Monday, in a report that surpassed most forecasts on Wall Street.
The Institute for Supply Management (ISM) said its index of manufacturing activity jumped to 62.8 from 57 in October. It was the fifth straight month the ISM index was above 50, a number that indicates expansion in the sector. Economists, on average, expected an ISM index of 57, according to Briefing.com.
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