Manufacturing grows, but economy still fragile
Nov 02, 2012 | 03:20 PM
| Corinna Petry
Tags
Instiute for Supply Management,
purchasing managers index,
PMI,
Bradley J. Holcomb,
corinna petry
CHICAGO — Economic activity in the U.S. manufacturing sector expanded in October for the second consecutive month, with the Institute for Supply Management (ISM) purchasing managers’ index inching up one-fifth of a point to 51.7 percent.
The improvement was sparked by growth in new orders and production, which more than offset declining employment, inventories, prices, backlogs and exports.....
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