The pace of growth in the U.S. manufacturing sector in February ran at its strongest since November as new orders rebounded to the highest in over a year and inflation subsided, a survey showed on Wednesday.
The Institute for Supply Management said its index of national factory activity rose to 56.7 in February from 54.8 in January, beating economists’ forecasts for a rise to 55.6. A reading above 50 indicates growth in the factory sector.
