By Vicki Needham - 09/01/10 03:30 PM EDT
Another positive today was a revised manufacturing report for Europe, showing a faster-than-expected recovery for the 16 countries that use the euro. U.S. financial markets have pulled back amid the European debt crisis that cropped up in the spring.
Eleven of the 18 manufacturing industries reported growth in August, led by metals, apparel and transportation equipment.
The inventory index increased to 51.4 from 50.2 in July. A figure higher than 50 means manufacturers are increasing stockpiles.