U.S. Manufacturing Grows At Fastest Rate in Eight Months

Preliminary numbers

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U.S. manufacturing grew at its swiftest pace in eight months in December, buoyed by increases in domestic and overseas demand, an industry survey showed on Friday.

Financial information firm Markit said its U.S. "flash," or preliminary, manufacturing Purchasing Managers Index rose to 54.2, its best showing since April. It stood at 52.8 last month. A reading above 50 indicates expansion.