Manufacturing activity in the U.S. unexpectedly grew at a slightly faster rate in the month of August, the Institute for Supply Management revealed in a report on Wednesday.
The ISM said its manufacturing PMI inched up to 59.9 in August from 59.5 in July, with a reading above 50 indicating growth in the sector. The uptick surprised economists, who had expected the index to dip to 58.6.
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