U.S. manufacturing growth accelerates for 1st time in 6 months

U.S. manufacturing growth accelerated in May for the first time in six months, propelled by more new orders and an increase in hiring.

The Institute for Supply Management, a trade group of purchasing managers, said Monday that its manufacturing index rose to 52.8 last month from 51.5 in April. That's the highest reading since February. Any reading above 50 signals expansion.

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