The pace of growth in the U.S. manufacturing sector accelerated in December, its best month since June, according to an industry report released on Tuesday.
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The Institute for Supply Management (ISM) said its index of national factory activity rose to 53.9 from 52.7 the month before. The reading topped expectations of 53.2, according to a Reuters poll of economists.
A reading above 50 indicates expansion.
New orders, which economists consider a leading indicator of future activity in the sector, rose to 57.6 from 56.7. The employment component also jumped to 55.1 from 51.8.