In its monthly Manufacturing Report on Business, ISM said that the report’s key metrics, the PMI, hit 59.3 (a reading of 50 or higher indicates growth), which topped September’s 55.4 by 3.9%, while growing at a faster rate for the fifth consecutive month, while the overall economy grew for the sixth consecutive month.
Source: logistics Mgmt
October manufacturing output hits highest level in more than a year, reports ISM
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