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<a href="http://www.accessmylibrary.com/article-1G1-137098256/u-s-factory-activity.html" title="Facts and information about U.S. Factory Activity, Costs Accelerate, A Sign Katrina Hasn't Cooled Economy; Fed Has More Work To Do.(A)">U.S. Factory Activity, Costs Accelerate, A Sign Katrina Hasn't Cooled Economy; Fed Has More Work To Do.(A)</a>
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U.S. Factory Activity, Costs Accelerate, A Sign Katrina Hasn't Cooled Economy; Fed Has More Work To Do.(A)
Byline: KIRK SHINKLE
Monday's manufacturing report showed a sharp rebound for U.S. factories despite damage to the Gulf Coast and higher prices.
The Institute for Supply Management's national factory index rose to 59.4% in September from 53.6% in August.
The 5.8-point increase was the biggest monthly gain since March 1991 and a big surprise.
Consensus forecasts expected the index to drop to 52%, worryingly close to a dip below 50% that would indicate a contraction.
Instead, the index posted broad gains in orders, inventories, production, employment and prices.
ISM officials noted that part of the jump came from expected demand, as Gulf Coast rebuilding may be temporary.
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