Dec 29 (Reuters) - A measure of factory activity in the U.S. Upper Midwest increased in December, led by much stronger readings on new orders and production, according a private survey released on Friday.
Marquette University and the Institute for Supply Management-Milwaukee said their seasonally adjusted index on manufacturing in the Milwaukee region rose to 65.57 this month from 59.62 in November.
A reading above 50 indicates regional factory activity is expanding.
The survey’s component on new orders, a proxy on future activity, increased to 88.33 from 66.46 last month, while its production gauge improved to 72.65 from 57.94. (Reporting by Richard Leong Editing by Chizu Nomiyama)