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US upper Midwest factory activity grows faster in March

[NEW YORK] A private measure of factory activity in the upper US Midwest region rose in March due to a rebound in new orders and production, Marquette University and Institute for Supply Management-Milwaukee said on Tuesday.

Their index on manufacturing in the Milwaukee region rose to 53.25 in March from 50.32 in February.

A reading above 50 means regional manufacturing activity is expanding.