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01/04/2004 05:32 PM ID: 35688 Permalink   

Manufacturing At 20-Year High


US manufacturing hit a 20-year high last month, proving further that economic growth is well underway. December was the six month in a row of manufacturing growth, up to 66.2 signals.

The news rose the US dollar and lifted US shares. The chairman of the manufacturing business survey committee for ISM, Norbert Ore, said: "The strength in December's data provides significant encouragement for prospects in the first quarter of 2004."

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