Oct. ISM manufacturing index edges up to 56.4%
WASHINGTON (MarketWatch) — U.S. manufacturing remained strong in October, according to a closely followed index released Friday. The Institute for Supply Management’s manufacturing index climbed to 56.4% — the highest level since April 2011 — from 56.2% in September. Economists polled by MarketWatch expected a 55% reading, and any reading over 50% indicates expansion. Both the new orders and production indexes have registered above 60% for three consecutive months.
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