Fastest growing pace in 14 years for manufacturers

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The numbers: American manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a a survey of industry executives. The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month from 58.1% in July. Economists surveyed by MarketWatch had forecast the index to total 57.9%.