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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