February 1, 2012 / 3:24 PM / 6 years ago

Manufacturing sector picks up in January: ISM

NEW YORK (Reuters) - The pace of growth in the manufacturing sector picked up in January to its highest level since June as new orders improved, according to an industry report released on Wednesday.

A Chrysler Group assembly worker works on the bottom chassis for Chrysler Jeeps, Grand Cherokees and Dodge Durangos at the Chrysler Jefferson North auto plant in Detroit, Michigan in this April 28, 2011 file photo. REUTERS/Rebecca Cook

The Institute for Supply Management (ISM) said its index of national factory activity rose to 54.1 from a revised 53.1 the month before, falling shy of expectations for 54.5.

A reading above 50 indicates expansion in the manufacturing sector.

New orders gained to 57.6 from 54.8, while the employment index slipped to 54.3 from 54.8.

Reporting By Leah Schnurr; Editing by Padraic Cassidy

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