BUSINESS

ISM December: U.S. Companies' Growth Is On Fastest Pace Since 2006

03/18/2010 05:12 am ET | Updated May 25, 2011

Dec. 30 (Bloomberg) -- Companies in the U.S. expanded in December at the fastest pace in almost four years, signaling the economic recovery is gaining speed heading into 2010.

The Institute for Supply Management-Chicago Inc. said today its barometer rose to 60, exceeding the most optimistic estimate of economists surveyed by Bloomberg News and the highest level since January 2006. The gauge, in which readings greater than 50 signal expansion, showed companies boosted production and employment as orders climbed.

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