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Monday, January 3, 2011

ISM

ISM manufacturing index rises to 57.0 in December, less than expected

"The U.S. manufacturing sector continued to grow in December, marking the 17th straight month of expansion, according to a closely followed index. The Institute for Supply Management on Monday said its index of factory activity rose to 57.0% in December from 56.6% in November. Readings over 50% indicate that more firms are growing than contracting. The ISM, however, was expected to climb to 57.5%, according to economists surveyed by MarketWatch."

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