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Monday Economic Report

Manufacturing Expands for Tenth Consecutive Month

In October, the U.S. manufacturing sector expanded for the 10th consecutive month and at a faster pace, with the ISM Manufacturing® PMI rising to 55.5% from 54.5% in September. Demand indicators, such as the New Orders, Backlog of Orders and New Export Orders indices, stayed in expansion territory. Meanwhile, the Customers’ Inventories Index remained in…

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Monday Economic Report

Factory Orders and Shipments Accelerate in September

New orders for manufactured goods increased 1.8% in September after rising 0.3% in August. Meanwhile, new orders for manufactured goods rose 7.2% over the year. Excluding transportation, new orders climbed 1.3% over the month and 7.8% year-over-year in September. Durable goods orders moved up 1.9% after edging up 0.1% in August. Year to date, durable…

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