The U.S. manufacturing industry expanded in August while employment in the sector grew at its fastest pace since March of last year, an industry report showed on Tuesday.
Financial data firm Markit said its final U.S. Manufacturing Purchasing Managers Index rose to 57.9 in August from 55.8 in July, marking its highest level since April 2010. The preliminary read for the index was 58.0.
A reading above 50 signals expansion in economic activity.
The output subindex rose to 60.7 from 59.7, while the employment component came in at 54.6 from July's final read of 51.2. The final employment reading for August marked its highest level since a matching read in March 2013.