Manufacturing improves in August
August's reading was the best since November 2000 and put the index above a decade low of 41.2 in January.
The index indicates that new orders rose for the first time in more than a year. The report also suggests that factories increased production in August.
The NAPM production index rose to 52.2 in August from 46.4 in July. The NAPM inventories index rose to 37.7.