US manufacturing grows strongly in September as Europe and Asia falter

The US manufacturing sector expanded last month, shaking off three months of weakness as new orders and employment picked up, an industry report showed yesterday.

The Institute for Supply Management's index of national factory activity rose to 51.5 from 49.6 in August, blowing away economists' expectations for 49.7, according to a Reuters poll. It was the first time since May the index has been above the 50 mark, which indicates expansion.

It was a rare bright spot on a day of global industrial gloom.

via Business feed http://www.scmp.com/business/economy/article/1051880/us-manufacturing-grows-strongly-september-europe-and-asia-falter