Investing.com – The U.S. manufacturing sector expanded in April for the ninth consecutive month, faster than forecast, industry data showed on Monday.
The Institute for Supply Management, a trade group of purchasing executives, said its purchasing managers' index for the sector rose to 60.4 during the month, up from 59.6 in March.
Economists had expected March's reading to come in at 60.
Following the release of the report, the U.S. dollar was up against the euro, with EUR/USD shedding 0.52% to hit 1.3225.
The Institute for Supply Management, a trade group of purchasing executives, said its purchasing managers' index for the sector rose to 60.4 during the month, up from 59.6 in March.
Economists had expected March's reading to come in at 60.
Following the release of the report, the U.S. dollar was up against the euro, with EUR/USD shedding 0.52% to hit 1.3225.