Positive data
Source: Agencies |
November 2, 2012, Friday
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Print Edition
Print Edition
The pace of growth in the US manufacturing sector rose modestly in October as new orders improved, though a measure of employment slowed, a report released yesterday showed.
The Institute for Supply Management said its index of national factory activity rose to 51.7 from 51.5 in September, topping hopes for a slight fall to 51.2, a poll showed. A reading above 50 indicates expansion in the manufacturing sector. It was the second month the sector has grown after contracting through the summer.
The Institute for Supply Management said its index of national factory activity rose to 51.7 from 51.5 in September, topping hopes for a slight fall to 51.2, a poll showed. A reading above 50 indicates expansion in the manufacturing sector. It was the second month the sector has grown after contracting through the summer.
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