Factories Boom in September

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U.S. factories ran at their strongest pace for over a year in September, registering large increases in new orders despite a sharp rise in the price of raw materials, according to a survey published on Monday.


The Institute for Supply Management said its index of national factory activity rose to 59.4 in September from 53.6 in August, far outstripping economist’s median forecast for a drop to 52.


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