Investing.com - Activity in the U.S. manufacturing sector accelerated in September, according to an industry report released on Monday.
The Institute for Supply Management said its index of manufacturing activity rose to 60.8 in September from 58.8 in August.
Economists had forecast a slight decline to 58.0.
A reading above 50 indicates expansion in the service sector and a reading below 50 indicates contraction.
The employment index ticked up to 60.3 from 59.9 a month earlier, against forecasts for a reading of 58.0.
The new orders index rose to 64.6 from 60.3 the month before. The prices paid index surged to 71.5 from 63.0 previously, the highest since May 2011.
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