A surprising but positive report on manufacturing movement helped boost confidence regarding the economic recovery and the notion that factories may help to buoy it.
A private trade group released reports stating industrial production is expected to continue expanding in the early months of the new year, promoting more hiring and job creation.
Manufacturing index readings have been steadily climbing since November when the Institute for Supply Management reported a 53.6. In December it was up 2.3 points to 55.9 adding further optimism for the future. Any reading above 50 indicates sector growth. December marked the fifth consecutive month of growth and the best reading for the index since Spring 2006.
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