NEW YORK - May 3rd, 2010
The U.S. manufacturing sector expanded at the fastest pace in nearly six years in April, as factories continue to lead the economy's rebound.
The Institute for Supply Management, a private trade group of purchasing executives, said Monday its manufacturing index rose to 60.4 last month from 59.6 in March. It's the ninth straight month of growth. A level above 50 indicates expansion.
It is the fastest pace of growth since June 2004 when the index was at 60.5.