U.S. Factory-Sector Activity Hits Six-Year High

By Josh Mitchell Features Dow Jones Newswires

U.S. factory-sector activity rose sharply in August to the highest level since April 2011.

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The Institute for Supply Management said its index of manufacturing activity climbed to 58.8 last month from 56.3 a month earlier. A reading above 50 indicates sector expansion as measured by factors such as sales, output and hiring.

Economists surveyed by The Wall Street Journal expected a reading of 56.2.

Write to Josh Mitchell at joshua.mitchell@wsj.com

(END) Dow Jones Newswires

September 01, 2017 10:29 ET (14:29 GMT)