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Manufacturing output shows modest progress in October, reports ISM

The report’s key metric, the PMI, eked out a 0.5% gain to 48.3 8 (a reading of 50 or higher indicates growth), following declines of 1.3% and 2.1%, respectively, in October and September. The October PMI marks the third consecutive month the PMI has come in below 50, while the overall economy grew in October for the 126th consecutive month.
Source: logistics Mgmt

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